Ukraine's gross domestic product grew 4.6 percent year-on-year in the second quarter of 2019, following a 2.5 percent expansion in the previous three-month period. That was the strongest growth rate since the last quarter of 2016, as household consumption increased 11.8 percent and fixed investment advanced 7.9 percent. Meanwhile, government spending contracted 6.4 percent while net external demand contributed negatively to the GDP, amid to a 9.1 percent jump in imports and a 4.4 percent rise in exports. GDP Annual Growth Rate in Ukraine averaged 2.64 percent from 2000 until 2019, 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.
GDP Annual Growth Rate in Ukraine is expected to be 3.00 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 3.00 in 12 months time. In the long-term, the Ukraine GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.