The Gross Domestic Product (GDP) in Ukraine expanded 0.20 percent in the second quarter of 2024 over the previous quarter. This dataset provides - Ukraine GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ukraine expanded 0.90 percent in the first quarter of 2025 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.

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.

Ukraine economic growth for 2023 was 178.76 billion US dollars, a 10.35% increase from 2022.

<ul style='margin-top:20px;'>

<li>Ukraine economic growth for 2022 was <strong>161.99 billion US dollars</strong>, a <strong>18.91% decline</strong> from 2021.</li>
<li>Ukraine economic growth for 2021 was <strong>199.77 billion US dollars</strong>, a <strong>27.55% increase</strong> from 2020.</li>
<li>Ukraine economic growth for 2020 was <strong>156.62 billion US dollars</strong>, a <strong>1.78% increase</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Key information about Ukraine Real GDP Growth

• The Gross Domestic Product (GDP) in Ukraine contracted 31.4 % YoY in Dec 2022, following a negative growth of 30.6 % in the previous quarter.
• Real GDP Growth YoY data in Ukraine is updated quarterly, available from Mar 2002 to Dec 2022, with an average rate of 3.2 %.
• The data reached an all-time high of 14.0 % in Sep 2004 and a record low of -36.9 % in Jun 2022.

CEIC extends history for quarterly Real GDP growth. The State Statistics Service of Ukraine provides Real GDP Growth at 2010 prices, based on SNA 2008. Real GDP Growth prior to Q1 2011 is at 2007 prices, based on SNA 1993.


Related information about Ukraine Real GDP Growth

• In the latest reports, Nominal GDP of Ukraine reached 44.4 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 36.5 % in Dec 2022.
• GDP Per Capita in Ukraine reached 4,827.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at -4.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 18.0 % in Dec 2022.
• Public Consumption accounted for 43.4 % in Dec 2022.
• Private Consumption accounted for 60.8 % in Dec 2022.

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.

Ukraine: Economic growth: the rate of change of real GDP: The latest value from 2024 is 2.91 percent, a decline from 5.53 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Ukraine from 1988 to 2024 is -1.48 percent. The minimum value, -28.76 percent, was reached in 2022 while the maximum of 11.8 percent was recorded in 2004.

Ukraine UA: GDP: Growth: Gross Value Added: Industry data was reported at 3.120 % in 2017. This records a decrease from the previous number of 3.330 % for 2016. Ukraine UA: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging -0.069 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 14.200 % in 2001 and a record low of -34.793 % in 1994. Ukraine UA: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ukraine – Table UA.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Ukraine: Economic growth forecast: The latest value from 2030 is 4.1 percent, a decline from 4.2 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Ukraine from 1993 to 2030 is -0.22 percent. The minimum value, -28.76 percent, was reached in 2022 while the maximum of 11.8 percent was recorded in 2004.

Ukraine UA: GDP: Growth data was reported at 2.500 % in 2017. This records an increase from the previous number of 2.308 % for 2016. Ukraine UA: GDP: Growth data is updated yearly, averaging 1.269 % from Dec 1988 (Median) to 2017, with 30 observations. The data reached an all-time high of 12.100 % in 2004 and a record low of -22.934 % in 1994. Ukraine UA: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ukraine – Table UA.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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.

Economic growth, quarterly in Ukraine, June, 2024 The most recent value is 0.2 percent as of Q2 2024, a decline compared to the previous value of 1.2 percent. Historically, the average for Ukraine from Q3 2015 to Q2 2024 is -0.37 percent. The minimum of -19.3 percent was recorded in Q1 2022, while the maximum of 9 percent was reached in Q3 2022. | TheGlobalEconomy.com

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.

Full Year GDP Growth in Ukraine decreased to 2.90 percent in 2024 from 5.50 percent in 2023. This dataset includes a chart with historical data for Ukraine Full Year GDP Growth.

The Russia-Ukraine war impacted economic growth in North Africa. According to projections, the North African countries were affected in different ways. Considering the long-conflict scenario, with the war continuing after *********, Algeria's GDP would grow by **** percent in 2022 compared to the previous year. In contrast, the baseline scenario saw a projected growth of *** percent, which would have occurred in the absence of the war. In this scenario, Algeria was the North African country benefitting the most from the war, mainly due to increasing oil prices. Libya's GDP growth rate was also projected to increase due to the Russia-Ukraine war. In contrast, the economies of Egypt, Morocco, and Tunisia were negatively impacted by the war.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Ukraine GDP.

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 ***** percent in 2020. However, the following year, the GDP of these countries grew by over *** 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.

Key information about Ukraine Nominal GDP Growth

• Ukraine Nominal GDP Growth was reported at 16.754 % in Dec 2023.
• This records a decrease from the previous number of 21.714 % for Sep 2023.
• Ukraine Nominal GDP Growth data is updated quarterly, averaging 19.138 % from Mar 1997 to Dec 2023, with 108 observations.
• The data reached an all-time high of 42.006 % in Jun 2023 and a record low of -12.806 % in Jun 2022.
• Ukraine Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The State Statistics Service of Ukraine provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 2011 is calculated from Nominal GDP based on SNA 1993 and prior to Q1 2002 is calculated from Nominal GDP sourced from the National Bank of Ukraine.

As a result of Russia's invasion of Ukraine, the global economy is estimated to contract by **** percent in 2022. Furthermore, due to sanctions imposed on Russia, its economy is projected to decline by *** percent in 2022 and by **** percent in 2023.

The regional economy of the Commonwealth of Independent States (CIS), including Georgia, Turkmenistan, and Ukraine, was estimated to have *** 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 *** percent of its GDP in 2025.