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 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.

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.

تولید ناخالص داخلی (GDP) در اوکراین در ربع دوم سال 2024 نسبت به ربع قبلی 0.20 درصد افزایش یافت. این صفحه شامل نرخ رشد تولید ناخالص داخلی اوکراین - مقادیر واقعی، داده‌های تاریخی، پیش‌بینی، نمودار، آمار، تقویم اقتصادی و اخبار است.

The gross domestic product (GDP) per capita in Ukraine was estimated at about 5.71 thousand U.S. dollars in 2024. Between 1992 and 2024, the GDP per capita rose by approximately 5.28 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 2.64 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

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.

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

The ratio of national debt to gross domestic product (GDP) of Ukraine stood at about 89.84 percent in 2024. From 1997 to 2024, the ratio rose by approximately 60.95 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the ratio will rise by around 2.28 percentage points, showing an overall upward trend with periodic ups and downs.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Ukraine External Debt: % of GDP

• Ukraine External Debt accounted for 90.4 % of the country's Nominal GDP in 2023, compared with the ratio of 80.8 % in the previous year.
• Ukraine External Debt: % of Nominal GDP data is updated yearly, available from Dec 1993 to Dec 2023.
• The data reached an all-time high of 129.3 % in Dec 2015 and a record low of 11.8 % in Dec 1993.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The National Bank of Ukraine provides External Debt in USD based on BPM6. The State Statistics Service of Ukraine provides Nominal GDP in local currency based on SNA 2008. The National Bank of Ukraine average market exchange rate is used for currency conversions. External Debt as % of Nominal GDP prior to 2004 is calculated from External Debt based on BPM5 and Nominal GDP based on SNA 1993. External Debt prior to 2003 is sourced from the World Bank.


Related information about Ukraine External Debt: % of GDP

• In the latest reports of Ukraine, Current Account recorded a deficit of 1.6 USD bn in May 2024.
• Foreign Direct Investment (FDI) increased by 102.0 USD mn in May 2024.
• Ukraine Direct Investment Abroad fell by 4.0 USD mn in May 2024.
• Its Foreign Portfolio Investment fell by 142.0 USD mn in Mar 2024.
• The country's External Debt reached 167,831.0 in Mar 2024.
• The country's Nominal GDP was reported at 44.4 USD bn in Dec 2022.

Ukraine: Exports of goods and services as percent of GDP: The latest value from 2024 is 29.41 percent, an increase from 28.3 percent in 2023. In comparison, the world average is 44.58 percent, based on data from 134 countries. Historically, the average for Ukraine from 1989 to 2024 is 42.63 percent. The minimum value, 23.98 percent, was reached in 1992 while the maximum of 60.3 percent was recorded in 2000.

Graph and download economic data for Constant GDP per capita for Ukraine (NYGDPPCAPKDUKR) from 1987 to 2024 about Ukraine, per capita, real, and GDP.

GDP, billion currency units in Ukraine, December, 2024 The most recent value is 2194.37 billion Ukrainian Hryvnia as of Q4 2024, an increase compared to the previous value of 2092.35 billion Ukrainian Hryvnia. Historically, the average for Ukraine from Q1 2002 to Q4 2024 is 599.99 billion Ukrainian Hryvnia. The minimum of 44.13 billion Ukrainian Hryvnia was recorded in Q1 2002, while the maximum of 2194.37 billion Ukrainian Hryvnia was reached in Q4 2024. | TheGlobalEconomy.com

Key information about Ukraine Government Debt: % of GDP

• Ukraine Government debt accounted for 79.4 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 72.8 % in the previous quarter.
• Ukraine government debt to GDP ratio data is updated quarterly, available from Dec 2010 to Dec 2023.
• The data reached an all-time high of 79.4 % in Dec 2023 and a record low of 27.3 % in Jun 2012.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance of Ukraine provides Government Debt in local currency. The State Statistics Service of Ukraine provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Ukraine Government Debt: % of GDP

• In the latest reports, Ukraine National Government Debt reached 135.2 USD bn in Feb 2024.
• The country's Nominal GDP reached 44.4 USD bn in Dec 2022.

Ukraine GDP: Arts, Entertainment and Recreation data was reported at 14,613.000 UAH mn in Dec 2024. This records an increase from the previous number of 12,009.000 UAH mn for Sep 2024. Ukraine GDP: Arts, Entertainment and Recreation data is updated quarterly, averaging 4,251.500 UAH mn from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 14,613.000 UAH mn in Dec 2024 and a record low of 1,405.000 UAH mn in Jun 2010. Ukraine GDP: Arts, Entertainment and Recreation data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.A005: SNA 2008: GDP: by Industry. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Ukraine GDP: Other Service Activities data was reported at 16,602.000 UAH mn in Dec 2024. This records an increase from the previous number of 15,619.000 UAH mn for Sep 2024. Ukraine GDP: Other Service Activities data is updated quarterly, averaging 5,724.000 UAH mn from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 16,602.000 UAH mn in Dec 2024 and a record low of 1,899.000 UAH mn in Mar 2010. Ukraine GDP: Other Service Activities data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.A005: SNA 2008: GDP: by Industry. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Graph and download economic data for Gross Domestic Product for Ukraine (MKTGDPUAA646NWDB) from 1987 to 2024 about Ukraine and GDP.

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.

GDP from Agriculture in Ukraine decreased to 125756 UAH Million in the fourth quarter of 2024 from 253475 UAH Million in the third quarter of 2024. This dataset provides - Ukraine Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product Per Capita for Ukraine (PCAGDPUAA646NWDB) from 1987 to 2024 about Ukraine, per capita, and GDP.