Ukraine’s GDP shrank 1.3 percent year-on-year in the first quarter of 2020, compared with preliminary estimates of a 1.5 percent contraction and the previous period's 1.5 percent growth. It was the first economic contraction since the last quarter of 2015, as the Covid-19 pandemic took a toll on the domestic activity. On a quarterly basis, the economy shrank 0.7 percent, for the first time since the first quarter of 2015, after showing no growth in the previous period.
GDP Annual Growth Rate in Ukraine averaged 2.60 percent from 2000 until 2020, 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 July of 2020. source: State Statistics Service Of Ukraine
GDP Annual Growth Rate in Ukraine is expected to be -5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Ukraine to stand at 9.00 in 12 months time. In the long-term, the Ukraine GDP Annual Growth Rate is projected to trend around 7.00 percent in 2021 and 2.60 percent in 2022, according to our econometric models.