Ukraine's gross domestic product shrank 2.2 percent year-on-year in the first quarter of 2021, compared to preliminary estimates of a 2 percent contractions and following a 0.5 percent drop in the previous period. On a seasonally adjusted quarterly basis, the economy contracted 1.2 percent. Looking ahead, the National Bank of Ukraine sees the economy rebound by 8.7 percent in the second quarter, followed by a 4.2 percent growth in the third quarter, and advance by 3.6 percent in the last quarter. source: State Statistics Service Of Ukraine

GDP Annual Growth Rate in Ukraine averaged 2.27 percent from 2000 until 2021, 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 June of 2021.

GDP Annual Growth Rate in Ukraine is expected to be 8.70 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 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
-2.20 -0.50 14.30 -19.60 2000 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
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 12:30 PM YoY Prel Q1 -2% -0.5% -1.4% -1%
2021-06-22 01:20 PM YoY Final Q1 -2.2% -0.5% -2%
2021-08-13 01:30 PM YoY Prel Q2 -2.2% 8.7%
2021-09-20 01:30 PM YoY Final Q2 -2.2%
2021-11-16 02:30 PM YoY Prel Q3 4.2%
2021-12-20 02:30 PM YoY Final Q3


News Stream
Ukraine GDP Contracts More than Expected
Ukraine's gross domestic product shrank 2.2 percent year-on-year in the first quarter of 2021, compared to preliminary estimates of a 2 percent contractions and following a 0.5 percent drop in the previous period. On a seasonally adjusted quarterly basis, the economy contracted 1.2 percent. Looking ahead, the National Bank of Ukraine sees the economy rebound by 8.7 percent in the second quarter, followed by a 4.2 percent growth in the third quarter, and advance by 3.6 percent in the last quarter.
2021-06-22
Ukraine GDP Seen Contracting More than Expected
Ukraine's gross domestic product was seen contracting 2.0 percent year-on-year in the first quarter of 2021, following a 0.5 percent contraction in the previous quarter and worse than market expectations of a 1.4 percent drop, a preliminary estimate showed. On a seasonally adjusted quarterly basis, advance estimates pointed to a 1.1 percent contraction in the economy, reversing from a record 0.8 percent expansion in the fourth quarter of last year. Looking ahead, the National Bank of Ukraine sees the economy rebound by 8.7 percent in the second quarter, followed by a 4.2 percent growth in the third quarter, and advance 3.6 percent in the the last quarter.
2021-05-14
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 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).