Ukraine's gross domestic product expanded 2.4 percent year-on-year in the third quarter of 2021, easing from a 5.7 percent growth in the previous period and below market expectations of a 4.4 percent advance, a preliminary estimate showed. Still, it was the second expansion in a row, ending a year of contraction. Growth was capped by pandemic-induced lockdowns, lower rate of vaccinations, smaller production owing to elevated energy costs and tight monetary policy of the central government. On a seasonally adjusted quarterly basis, the economy advanced 1.4 percent compared to a 0.7 percent contraction in the previous quarter. source: State Statistics Service Of Ukraine

GDP Annual Growth Rate in Ukraine averaged 2.32 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 November of 2021.

GDP Annual Growth Rate in Ukraine is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ukraine GDP Annual Growth Rate is projected to trend around 3.90 percent in 2022 and 2.60 percent in 2023, according to our econometric models.

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Ukraine GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-20 12:45 PM YoY Final Q2 5.7% -2.2% 5.4% 5.4%
2021-11-15 01:40 PM YoY Prel Q3 2.4% 5.7% 4.4% 4.2%
2021-12-20 02:30 PM YoY Final Q3 5.7% 2.4%


Related Last Previous Unit Reference
GDP Growth Rate 1.40 -0.70 percent Sep/21
GDP Annual Growth Rate 2.40 5.70 percent Sep/21
GDP Constant Prices 584011.00 526618.00 UAH Million Jun/21
Gross Fixed Capital Formation 104370.00 71061.00 UAH Million Jun/21
GDP From Utilities 1931.00 1676.00 UAH Million Jun/21
GDP From Transport 34381.00 31148.00 UAH Million Jun/21
GDP From Services 97106.00 78624.00 UAH Million Jun/21
GDP From Public Administration 30152.00 30325.00 UAH Million Jun/21
GDP From Mining 30609.00 28018.00 UAH Million Jun/21
GDP From Manufacturing 75070.00 65733.00 UAH Million Jun/21
GDP From Construction 20714.00 9269.00 UAH Million Jun/21
GDP From Agriculture 22108.00 18189.00 UAH Million Jun/21

News Stream
Ukraine Q3 GDP Grows Less than Expected
Ukraine's gross domestic product expanded 2.4 percent year-on-year in the third quarter of 2021, easing from a 5.7 percent growth in the previous period and below market expectations of a 4.4 percent advance, a preliminary estimate showed. Still, it was the second expansion in a row, ending a year of contraction. Growth was capped by pandemic-induced lockdowns, lower rate of vaccinations, smaller production owing to elevated energy costs and tight monetary policy of the central government. On a seasonally adjusted quarterly basis, the economy advanced 1.4 percent compared to a 0.7 percent contraction in the previous quarter.
2021-11-15
Ukraine GDP Growth at 10-Year High
Ukraine's gross domestic product grew 5.7 percent year-on-year in the second quarter of 2021, compared to preliminary estimates of 5.4 percent expansion and following a 2.2 percent drop in the previous period. It was the highest growth recorded since the third quarter of 2011, boosted by household consumption (17.4 percent), fixed investment (14.8 percent), and public spending (2.9 percent). Meanwhile, net external demand contributed negatively to the GDP as exports fell 6.2 percent while imports rose 21.5 percent. On a seasonally adjusted quarterly basis, the economy contracted 0.7 percent after a decrease of 1.2 percent in the first quarter of 2021. Looking ahead, the National Bank of Ukraine sees the economy growing in the third quarter of 2021 sustained by large harvests, favorable external environment, sustained consumer demand, and revived investment activity.
2021-09-20
Ukraine GDP Grows Less than Expected in Q2
Ukraine's gross domestic product expanded 5.4 percent year-on-year in the second quarter of 2021, rebounding from a 2.2 percent contraction in the previous period but below market expectations of an 8.0 percent advance. It was the highest growth rate since the third quarter of 2011, ending a more than one year of contraction. On a seasonally adjusted quarterly basis, the economy shrank 0.8 percent, following a 1.2 percent contraction in the previous quarter and falling back into recession as Covid-19 continues to weigh and interest rates were hiked to contain soaring inflation.
2021-08-16

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).