Ukraine's economy shrank 9.9 percent on quarter in the three months to June of 2020, entering a recession and in line with preliminary estimates. It was the steepest pace of contraction since comparable records began in 2010. source: State Statistics Service Of Ukraine

GDP Growth Rate in Ukraine averaged -0.14 percent from 2010 until 2020, reaching an all time high of 3.90 percent in the second quarter of 2010 and a record low of -9.90 percent in the second quarter of 2020. This page provides - Ukraine GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ukraine GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

GDP Growth Rate in Ukraine is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Ukraine to stand at 1.00 in 12 months time. In the long-term, the Ukraine GDP Growth Rate is projected to trend around 0.80 percent in 2021 and 0.50 percent in 2022, according to our econometric models.

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Ukraine GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-9.90 -0.70 3.90 -9.90 2010 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-15 12:15 PM QoQ Prel Q1 -0.8% 0% -2.2%
2020-06-19 12:00 PM QoQ Final Q1 -0.7% 0% -0.8%
2020-08-14 12:10 PM QoQ Prel Q2 -9.9% -0.7% -7.8%
2020-09-18 01:30 PM QoQ Final Q2 -9.9% -0.7% -9.9%
2020-11-16 02:30 PM QoQ Prel Q3 -9.9% 2.5%
2020-12-21 02:30 PM QoQ Final Q3 -9.9% 2.5%

Ukraine GDP Last Previous Highest Lowest Unit
GDP Growth Rate -9.90 -0.70 3.90 -9.90 percent [+]
GDP Annual Growth Rate -11.40 -1.30 14.30 -19.60 percent [+]
GDP 153.78 130.90 183.31 31.26 USD Billion [+]
GDP Constant Prices 551057.00 536988.00 698297.00 96169.00 UAH Million [+]
Gross Fixed Capital Formation 94054.00 78608.00 206683.00 14356.00 UAH Million [+]
GDP per capita 3224.94 3106.04 4243.77 1686.92 USD [+]
GDP per capita PPP 12810.30 12338.00 15751.70 6700.90 USD [+]
GDP From Agriculture 24747.00 19112.00 92961.00 6803.00 UAH Million [+]
GDP From Construction 18821.00 10441.00 27053.00 2757.00 UAH Million [+]
GDP From Manufacturing 69594.00 67219.00 83423.00 22049.00 UAH Million [+]
GDP From Mining 28935.00 29063.00 30832.00 10871.00 UAH Million [+]
GDP From Public Administration 30630.00 29164.00 31015.00 11925.00 UAH Million [+]
GDP From Services 89756.00 82875.00 90756.00 27971.00 UAH Million [+]
GDP From Transport 32488.00 34133.00 44449.00 16741.00 UAH Million [+]
GDP From Utilities 1820.00 1654.00 2063.00 611.00 UAH Million [+]


Ukraine GDP Growth Rate
Ukraine possesses rich farmlands (wheat, rye, flax, corn, barley, sugar beets, sunflowers and potatoes are the major crops), vast mineral resources (iron, manganese, coal, anthracite, aluminum, mercury, nickel, natural gas, oil, zinc, titanium and bauxite), a well-developed industrial base (steel, tractors, machinery, building materials, chemicals, fertilizers are major products) and highly trained labor. Yet, the economy remains in poor condition due to underdeveloped infrastructure, corruption, bureaucracy and political turmoil. On the production side, services are the biggest sector of the economy and account for nearly 68 percent of total GDP, of which the most important are; domestic trade (14 percent) and accommodation and food service (13 percent). Industry accounts for 22 percent of GDP and is divided by manufacturing (11 percent); and agriculture (10 percent).