The Gross Domestic Product (GDP) in Ukraine contracted 0.10 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Ukraine GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wachstumsrate des BIP der Ukraine. Ukraine GDP Growth Rate data was updated on July of 2025. This page has actual data, historical chart, calendar and forecasts for Ukraine GDP Growth Rate.

The growth of the real gross domestic product (GDP) in Ukraine was estimated at about 3.51 percent in 2024. From 1993 to 2024, the growth rose by approximately 17.71 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the growth will rise by around 0.59 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Historical chart and dataset showing Ukraine gdp growth rate by year from 1988 to 2023.

In 2024, Ukraine's gross domestic product (GDP) was estimated at nearly 189 billion U.S. dollars at current prices. To compare, in the previous year, the country's GDP stood at over 177 billion U.S. dollars. See the Russian GDP for comparison. Ukraine's economic decline in 2014 and 2015 In just two years, between 2013 and 2015, GDP in Ukraine was dramatically reduced to half its amount. This very severe decrease was mainly due to the armed conflict in the eastern part of the country, which was causing many of its inhabitants to be internally displaced. Life in general became increasingly difficult for Ukrainians, not only because of the conflict, but also because of the country’s economic issues. The inflation rate had risen to almost 50 percent, and unemployment reached over nine percent. Russia, formerly Ukraine’s most important trade partner, no longer played this role, having caused a great shift in the country’s base economy. Ukraine’s national debt in relation to GDP was also unsustainable, having increased to nearly 80 percent in 2015. Default or restructuring of its debt was inevitable, and eventually restructuring took place in August 2015.

The Gross Domestic Product (GDP) in Ukraine was worth 190.74 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Ukraine represents 0.18 percent of the world economy. This dataset provides the latest reported value for - Ukraine GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The regional economy of the Commonwealth of Independent States (CIS), including Georgia, Turkmenistan, and Ukraine, was estimated to have 3.3 percent in 2023. The gross domestic product (GDP) of several countries in the region was negatively impacted by the Russia-Ukraine war that began in February of that year. For instance, the Belarusian economy was estimated to have regain around 0.7 percent of its GDP in 2025.

The Gross Domestic Product per capita in Ukraine was last recorded at 2219.04 US dollars in 2024. The GDP per Capita in Ukraine is equivalent to 18 percent of the world's average. This dataset provides the latest reported value for - Ukraine GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Georgia's real gross domestic product (GDP) was estimated to have the highest increase in Central and Eastern Europe (CEE) and Central Asia, by 7.5 percent in 2024. The economy of Russia was expected to grow at a decreasing rate until 2026.

GDP per capita growth (annual %) in Ukraine was reported at 15.22 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ukraine - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The novel coronavirus pandemic, or COVID-19, had a severe impact on the global economy, causing a decrease of the G20 countries' gross domestic product (GDP) of three percent in 2020. However, the following year, the GDP of these countries grew by over six percent. It continued to grow in the following years, albeit at a slower pace, and is forecast to continue to do so in 2025 and 2026.For more information about the economic impact of the COVID-19 pandemic on the global economy, please check out our dedicated topic page.

Slovakia's gross domestic product (GDP) growth for 2022 forecast in June 2022 was approximately 2.7 percent lower than the projection made in December 2021, before the war in Ukraine. GDP growth expectations were lowered for many other European countries, such as Germany (by 2.2 percent) and Italy (by 2.1 percent). At the same time, several countries worldwide were projected a highest GDP growth in 2022 than expected prior to the war, such as Saudi Arabia and Argentina. Saudi Arabia, an oil producing country, could substitute some of oil imports from Russia that Western countries banned in response to the war.

Estonia donated the most significant percentage of its 2021 gross domestic product (GDP) to help Ukraine over the period between January 24, 2022, and February 28, 2025. Estonia contributed 2.34 percent of its GDP in bilateral aid, followed by Denmark with 2.32 percent of GDP. Besides the Nordic and Baltic countries, Poland donated the largest share of GDP. Western countries sent aid to Ukraine in view of the Russian invasion that began in February 2022. Who donated the most to Ukraine? In absolute terms, the largest bilateral aid allocations to Ukraine were made by the United States, at over 114 billion euros as of February 28, 2025. European Union (EU) institutions, such as the European Commission and the European Council, allocated the second-largest amount of assistance, at almost 52.1 billion euros. The United Kingdom (UK) was the fourth-leading source of bilateral aid. EU aid to Ukraine The EU has supported Ukraine with over 17 billion euros in financial assistance since 2014 as of January 2022. Of them, the largest share of aid has been provided as additional loans from the European Investment Bank (EIB) and the European Bank of Reconstruction and Development (EBRD). Among EU members, Germany allocated the largest amount of bilateral aid to Ukraine from January 24, 2022, at around 17 billion euros, while Estonia allocated the largest share of GDP.

Trade (% of GDP) in Ukraine was reported at 78.1 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ukraine - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.

Government expenditure on education, total (% of GDP) in Ukraine was reported at 5.9339 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ukraine - Public spending on education, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Ukraine recorded a Government Debt to GDP of 89.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Ukraine Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP per capita (current US$) in Ukraine was reported at 5389 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ukraine - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Ukraine Domestic Credit Growth

• Ukraine Domestic Credit increased 6.8 % YoY in Jan 2025, compared with an increase of 10.6 % YoY in the previous month
• Ukraine Domestic Credit Growth YoY data is updated monthly
• It averaged 11.3 %, available from Dec 2003 to Jan 2025
• The data reached an all-time high of 81.6 % in Feb 2008 and a record low of -17.1 % in Feb 2016

• In the latest reports, Ukraine Domestic Credit reached 58.1 USD bn in Jan 2025
• Money Supply M2 in Ukraine increased to 81.5 USD bn YoY in Jan 2025
• Ukraine Foreign Exchange Reserves was measured at 36.8 USD bn in Feb 2025
• The Foreign Exchange Reserves equaled 5.7 Months of Import in Dec 2024
• The country's Non Performing Loans Ratio stood at 30.3 % in Dec 2024, compared with the ratio of 32.3 % in the previous quarter
• Household Debt of Ukraine reached 3.6 % in Dec 2023, accounting for 3.6 % of the country's Nominal GDP

GDP (current US$) in Ukraine was reported at 190741263732 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ukraine - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.