GDP per capita in Ukraine
Ukraine - GDP per capita (U.S. Dollars)
GDP contracts in Q1
The economy swung to contraction in the first quarter, with GDP decreasing 1.3% year-on-year (Q4 2019: +1.5% year-on-year).
On the domestic side, fixed investment contracted 21.4% in Q1, contrasting the 18.6% increase in the prior quarter; private consumption grew 8.1% in Q1, marking the slowest acceleration since Q2 2018 (Q4 2019: +11.7% yoy); and government consumption dropped at a quicker pace of 9.7% in Q1 (Q4 2019: -6.8% yoy).
Meanwhile, exports of goods and services growth waned to 0.9% in Q1 (Q4 2019: +3.1% yoy). Conversely, imports of goods and services contracted 4.0% in Q1 (Q4 2019: +2.4% yoy).
On a seasonally-adjusted quarter-on-quarter basis, the economy contracted 0.7% in Q1, after flatlining in Q4 2019. Q1's reading marked the largest contraction since Q2 2015.
The economy is set to shrink this year as Covid-19 takes its toll. A higher unemployment rate and social distancing measures will weigh on private consumption, while lingering uncertainties should restrain capital inflows. On the upside, the recently secured IMF loan should give the government room to boost fiscal spending and cushion the downturn.
FocusEconomics Consensus panelists project GDP to fall 3.2% this year, which is unchanged from last month’s forecast. In 2020, they see the economy expanding 4.0%.
Ukraine - GDP per capita (USD) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| GDP per capita (USD) | 2,055 | 2,175 | 2,686 | 3,120 | 3,678 |
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: NBU keeps key policy rate unchanged at all-time low in July
July 23, 2020
At its 23 July monetary policy meeting, the National Bank of Ukraine (NBU) decided to hold the key policy rate at 6.00%, against market expectations of a 25-basis point cut.
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Ukraine: Inflation rises in June
July 13, 2020
Consumer prices rose 0.20% in June over the previous month, coming in below May's 0.30% rise.
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Ukraine: Industrial output fall at a softer rate in May
June 26, 2020
Industrial production fell 12.2% over the same month last year in May, after a 16.2% drop in April, which had marked the worst result since May 2015.
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Ukraine: GDP contracts in Q1
June 19, 2020
The economy swung to contraction in the first quarter, with GDP decreasing 1.3% year-on-year (Q4 2019: +1.5% year-on-year).
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Ukraine: NBU slashes key policy rate to all-time low in June
June 11, 2020
At its 11 June monetary policy meeting, the National Bank of Ukraine (NBU) decided to slash the key policy rate to 6.00% from 8.00%, marking the ninth consecutive cut.
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