Ukraine's gross domestic product shrank 0.5 percent year-on-year in the last three months of 2020, easing from a 3.5 percent contraction in the third quarter and less than preliminary estimates of a 0.7 percent fall. On a seasonally adjusted quarterly basis, the economy advanced 0.8 percent, following a record 8.5 percent expansion in Q3. Considering full 2020, Ukraine’s GDP contracted 4 percent, after growing by 3.2 percent in 2019. source: State Statistics Service Of Ukraine

GDP Annual Growth Rate in Ukraine averaged 2.32 percent from 2000 until 2020, reaching an all time high of 14.30 percent in the third quarter of 2004 and a record low of -19.60 percent in the first quarter of 2009. This page provides - Ukraine GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ukraine GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

GDP Annual Growth Rate in Ukraine is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Ukraine to stand at 4.00 in 12 months time. In the long-term, the Ukraine GDP Annual Growth Rate is projected to trend around 2.90 percent in 2022 and 2.60 percent in 2023, according to our econometric models.

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Ukraine GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -3.50 14.30 -19.60 2000 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-16 02:30 PM YoY Prel Q3 -3.5% -11.4% -4.7% -5.2%
2020-12-21 02:30 PM YoY Final Q3 -3.5% -11.4% -3.5% -3.5%
2021-02-15 01:35 PM YoY Prel Q4 -0.7% -3.5% -0.9% -1%
2021-03-22 01:35 PM YoY Final Q4 -0.5% -3.5% -0.7% -0.7%
2021-05-14 01:30 PM YoY Prel Q1 -0.5% -1.4% -1%
2021-06-22 01:30 PM YoY Final Q1
2021-08-13 01:30 PM YoY Prel Q2
2021-09-20 01:30 PM YoY Final Q2


News Stream
Ukraine GDP Contracts Less than Previously Thought
Ukraine's gross domestic product shrank 0.5 percent year-on-year in the last three months of 2020, easing from a 3.5 percent contraction in the third quarter and less than preliminary estimates of a 0.7 percent fall. On a seasonally adjusted quarterly basis, the economy advanced 0.8 percent, following a record 8.5 percent expansion in Q3. Considering full 2020, Ukraine’s GDP contracted 4 percent, after growing by 3.2 percent in 2019.
2021-03-22
Ukraine GDP Contracts Less than Expected in Q4
Ukraine's gross domestic product shrank by 0.7 percent year-on-year in the fourth quarter of 2020, following a 3.5 percent contraction in the third quarter and compared to market expectations of a 0.9 percent drop, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the economy expanded 0.8 percent, easing from a record 8.5 percent advance in Q3.
2021-02-15
Ukraine GDP Contraction Confirmed at 3.5 %YoY in Q3
Ukraine's gross domestic product shrank 3.5 percent year-on-year in the third quarter of 2020, following a 11.4 percent contraction in the second quarter, in line with preliminary estimates. On a seasonally adjusted quarterly basis, the economy expanded by a record 8.5 percent, after contracting a historical 9.9 percent in Q2.
2020-12-21
Ukraine GDP Contracts Less than Expected in Q3
Ukraine's gross domestic product shrank 3.5 percent year-on-year in the third quarter of 2020, following a 11.4 percent contraction in the second quarter and compared to market expectations of a 4.7 percent drop, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the economy expanded by a record 8.5 percent, after contracting a historical 9.9 percent in Q2.
2020-11-16

Ukraine GDP Annual Growth Rate
On the production side, services are the biggest sector of Ukrainian 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).