In 2021, Ukraine's economy grew 3.4 percent as easing COVID restrictions supported domestic demand, and a bigger harvest offset drags from higher global energy prices and a faster fiscal consolidation. In 2022, the economy is projected to shrink as much as 30% given the Russian invasion remains contained to the geographical areas where it is for several more months. source: World Bank
Full Year GDP Growth in Ukraine averaged -1.02 Percent from 1988 until 2021, reaching an all time high of 11.80 Percent in 2004 and a record low of -22.90 Percent in 1994. This page includes a chart with historical data for Ukraine Full Year GDP Growth. Ukraine Full Year GDP Growth - values, historical data and charts - was last updated on October of 2022.
Full Year GDP Growth in Ukraine is expected to reach -30.00 Percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ukraine Full Year GDP Growth is projected to trend around 15.00 Percent in 2023 and 20.00 Percent in 2024, according to our econometric models.