The Gross Domestic Product (GDP) in Ukraine contracted 1.20 percent in the first quarter of 2021 over the previous quarter. source: State Statistics Service Of Ukraine

GDP Growth Rate in Ukraine averaged 0.05 percent from 2010 until 2021, reaching an all time high of 8.50 percent in the third quarter of 2020 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 July of 2021.

GDP Growth Rate in Ukraine is expected to be 1.20 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 0.70 in 12 months time. In the long-term, the Ukraine GDP Growth Rate is projected to trend around 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
-1.20 0.80 8.50 -9.90 2010 - 2021 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-15 01:35 PM QoQ Prel Q4 0.8% 8.5% -1%
2021-03-22 01:35 PM QoQ Final Q4 0.8% 8.5% 0.8%
2021-05-14 12:30 PM QoQ Prel Q1 -1.1% 0.8% -0.5%
2021-06-22 01:20 PM QoQ Final Q1 -1.2% 0.8% -1.1%
2021-08-13 01:30 PM QoQ Prel Q2 -1.2% 1.2%
2021-09-20 01:30 PM QoQ Final Q2 -1.2%
2021-11-16 02:30 PM QoQ Prel Q3 0.9%
2021-12-20 02:30 PM QoQ Final Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Ukraine GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.20 0.80 8.50 -9.90 percent [+]
GDP Annual Growth Rate -2.20 -0.50 14.30 -19.60 percent [+]
GDP 155.58 153.93 183.31 31.26 USD Billion [+]
GDP Constant Prices 526618.00 694273.00 719031.00 96169.00 UAH Million [+]
Gross Fixed Capital Formation 71061.00 149353.00 206683.00 14356.00 UAH Million [+]
GDP per capita 3115.86 3224.56 4243.77 1686.92 USD [+]
GDP per capita PPP 12377.02 12808.80 15751.72 6700.90 USD [+]
GDP From Agriculture 18189.00 84915.00 134992.00 6803.00 UAH Million [+]
GDP From Construction 9269.00 30749.00 30749.00 2757.00 UAH Million [+]
GDP From Manufacturing 65733.00 82526.00 83423.00 22049.00 UAH Million [+]
GDP From Mining 28018.00 31135.00 31708.00 10871.00 UAH Million [+]
GDP From Public Administration 30325.00 33000.00 33000.00 11925.00 UAH Million [+]
GDP From Services 78624.00 100268.00 100268.00 27971.00 UAH Million [+]
GDP From Transport 31148.00 39072.00 44449.00 16741.00 UAH Million [+]
GDP From Utilities 1676.00 1919.00 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).