Ukraine's economy shrank 11.4 percent from a year earlier in the second quarter of 2020, entering a recession and in line with preliminary estimates. It was the steepest pace of contraction since the April to June period of 2015, due to the coronavirus pandemic. On a seasonally adjusted quarterly basis, the GDP slumped 9.9 percent, the most since comparable records began in 2010. source: State Statistics Service Of Ukraine
GDP Annual Growth Rate in Ukraine averaged 2.42 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 October of 2020.
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.