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. source: State Statistics Service Of Ukraine

GDP Annual Growth Rate in Ukraine averaged 2.35 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 November of 2020.

GDP Annual Growth Rate in Ukraine is expected to be -9.00 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 5.00 in 12 months time. In the long-term, the Ukraine GDP Annual Growth Rate is projected to trend around 7.00 percent in 2021 and 2.60 percent in 2022, according to our econometric models.

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Ukraine GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 -11.40 14.30 -19.60 2000 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-19 12:00 PM YoY Final Q1 -1.3% 1.5% -1.5% -1.5%
2020-08-14 12:10 PM YoY Prel Q2 -11.4% -1.3% -10% -10%
2020-09-18 01:30 PM YoY Final Q2 -11.4% -1.3% -11.4% -11.4%
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 -11.4% -3.5% -3.5%
2021-02-15 02:30 PM YoY Prel Q4
2021-03-19 02:00 PM YoY Final Q4
2021-05-14 12:15 PM YoY Prel Q1
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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's Economic Recession Confirmed in Q2
Ukraine's economy shrank 11.4 percent from a year earlier in the second quarter of 2020, entering a recession and in line with preliminary estimates. It was the steepest pace of contraction since the April to June period of 2015, due to the coronavirus pandemic. On a seasonally adjusted quarterly basis, the GDP slumped 9.9 percent, the most since comparable records began in 2010.
2020-09-18
Ukraine Economy Enters Recession in Q2
Ukraine's economy shrank 11.4 percent from a year earlier in the second quarter of 2020, entering a recession and compared to market expectations of a 10.0 percent plunge, a preliminary estimate showed. It was the steepest pace of contraction since the April to June period of 2015, due to the coronavirus pandemic. On a seasonally adjusted quarterly basis, the GDP slumped 9.9 percent, the most since comparable records began in 2010.
2020-08-14
Ukraine GDP Contraction Revised Lower to 1.3%YoY in Q1
Ukraine’s GDP shrank 1.3 percent year-on-year in the first quarter of 2020, compared with preliminary estimates of a 1.5 percent contraction and the previous period's 1.5 percent growth. It was the first economic contraction since the last quarter of 2015, as the Covid-19 pandemic took a toll on the domestic activity. On a quarterly basis, the economy shrank 0.7 percent, for the first time since the first quarter of 2015, after showing no growth in the previous period.
2020-06-19

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).