Ukraine’s gross domestic product expanded 2.5 percent year-on-year in the first quarter of 2019, easing from a 3.5 percent advance in the previous three month period and above a preliminary estimate of a 2.2 percent. Government expenditure contracted further (-8.3 percent vs -2.4 percent in Q4). On the other hand, gross fixed capital formation increased faster (17.4 percent vs 10.2 percent) while household’s consumption advanced 10.7 percent, accelerating from a 8.5 percent rise in the previous quarter. Regarding net trade, exports increased 6.8 percent (from 0.4 percent in Q4) while imports rose 6.5 percent (from 2.8 percent in Q4). On a quarterly basis, the economy grew 0.3 percent, below a 1.1 percent gain in Q4 and above market expectations of 0.2 percent. GDP Annual Growth Rate in Ukraine averaged 2.61 percent from 2000 until 2019, 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.
GDP Annual Growth Rate in Ukraine is expected to be 2.50 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 2.70 in 12 months time. In the long-term, the Ukraine GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.