GDP per capita in Ukraine
Ukraine - GDP per capita (U.S. Dollars)
Growth eases but remains strong in Q3
GDP growth moderated to 4.1% year-on-year in the third quarter, according to a second estimate by Ukraine’s Statistical Institute (previously reported: +4.2% year-on-year). The result was down from the second quarter’s over two-year high of 4.6% but still marked a healthy reading for the economy nonetheless.
The slowdown in the third quarter was largely driven by private consumption growth easing to 8.4% year-on-year, from 11.8% in the previous quarter, which had marked the fastest acceleration since Q4 2017. Conversely, government expenditure rebounded by 1.1% in Q3 (Q2: -6.4% yoy), while fixed investment growth jumped to 13.9% from 7.9% in Q2, amid upbeat construction activity and cheaper financing conditions.
On the external front, exports growth soared to a near nine-year high in the third quarter (Q3: +13.5% yoy; Q2: +4.4% yoy), on the back of upbeat shipments of agricultural goods. Meanwhile, import growth eased to 6.2% from 9.1% a quarter prior amid a softer consumption and a weaker currency. As a result, the external sector contributed 1.2 percentage points to the overall growth, marking the first positive contribution in three-and-a-half years (Q2: minus 2.7 percentage points).
FocusEconomics panelists project GDP to expand 3.1% in 2020, which is unchanged from last month’s forecast, and 3.3% in 2021.
Ukraine - GDP per capita (USD) Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| GDP per capita (USD) | 3,058 | 2,055 | 2,175 | 2,686 | 3,117 |
Ukraine Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 19.00 | 0.0 % | Jul 27 |
| Exchange Rate | 23.70 | 0.30 % | Jan 01 |
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Economic News
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Ukraine: Inflation falls to near six-year low in January
February 13, 2020
Consumer prices rose 0.2% month-on-month in January, contrasting December’s 0.2% fall.
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Ukraine: NBU axes key policy rate to near-six-year low in January
January 30, 2020
At its 30 January meeting, the National Bank of Ukraine (NBU) decided to cut the key policy rate to 11.00% from 13.50%.
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Ukraine: Industrial output sinks to over four-year low in December
January 28, 2020
Industrial production plunged 7.7% over the same month last year in December, marking the worst reading since July 2015.
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Ukraine: Ukraine nears new IMF deal, boding well for the economic outlook
January 13, 2020
On 7 December, Ukraine and the IMF announced a three-year USD 5.5 billion arrangement under the Extended Fund Facility (EFF), which, if approved by the lender’s Executive Board, would represent the third support package by the Fund since the 2014 recession.
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Ukraine: Inflation falls to over five-year low in December
January 9, 2020
Consumer prices decreased 0.2% month-on-month in December, contrasting November’s 0.1% increase.
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