GDP in Ukraine

Ukraine GDP | Economic News & Forecasts

Ukraine - GDP

Growth slows to five-month low in Q1

Growth lost traction at the beginning of this year, according to preliminary data released by the State Statistics Service of Ukraine on 15 May GDP rose 2.2% in annual terms in Q1 2019, down markedly from a robust 3.5% increase logged in Q4 2018 and marking the weakest expansion since Q4 2017.

Although the breakdown by components is not yet available, the first-quarter slowdown appears to have been largely driven by a deterioration in the industrial sector as output contracted at the highest rate in over three years in Q1. On a more positive note, consumption dynamics seemingly remained strong, reflected in surging retail sales which likely benefited from lower inflation and rising wages. On the external front, metrics were also upbeat in Q1, with merchandise exports accelerating marginally compared to the previous quarter.

On a quarter-on-quarter basis, the economy expanded a seasonally-adjusted 0.2% in the first quarter, down from the previous quarter’s 1.2% increase and also marking the strongest reading since Q3 2017.

The Central Bank expects growth to ease to 2.5% this year, before picking up again to 2.9% in 2020. Met the why particular panelists, meanwhile, project GDP to expand 2.7% in 2019, which is unchanged from last month’s forecast, and 2.9% in 2020.

Ukraine - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)0.0  -6.6  -9.8  2.4  2.5  

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Ukraine GDP Chart

Ukraine GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: State Statistics Committee of Ukraine (Ukrstat).

Ukraine Facts

Bond Yield19.000.0 %Jul 27
Exchange Rate26.140.30 %May 13
Stock Market5700.21 %May 13

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