The Ukrainian economy advanced 4.1 percent year-on-year in the third quarter of 2019, after a 4.6 percent rise in the previous quarter and downwardly revised from the initial estimate of 4.2 percent. Household spending slowed (8.4 percent vs 11.8 percent in Q2) while net external demand contributed negatively to the GDP, as exports jumped 13.5 percent (vs 4.4 percent in Q2) while imports increased 6.2 percent (vs 9.1 percent in Q2). Meanwhile, government spending rebounded (1.1 percent vs -6.4 percent) while fixed investment grew faster (13.9 percent vs 7.9 percent). On a seasonally adjusted basis, the GDP expanded 0.6 percent, also downwardly revised from the initial estimate of 0.7 percent and compared to a 1.6 percent expansion in the previous quarter. GDP Annual Growth Rate in Ukraine averaged 2.66 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. source: State Statistics Service Of Ukraine

GDP Annual Growth Rate in Ukraine is expected to be 3.00 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 3.20 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.

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Ukraine GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.10 4.60 14.30 -19.60 2000 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 02:50 PM GDP Growth Rate YoY Prel Q2 4.6% 2.5% 2.9%
2019-09-18 02:05 PM GDP Growth Rate YoY Final Q2 4.6% 2.5% 4.6%
2019-11-15 03:35 PM GDP Growth Rate YoY Prel Q3 4.2% 4.6% 3.4% 3%
2019-12-19 04:00 PM GDP Growth Rate YoY Final Q3 4.1% 4.6% 4.2%
2020-02-14 02:30 PM GDP Growth Rate YoY Prel Q4 4.1% 3%


News Stream
2019-11-15
Ukraine GDP Growth Slows Less than Expected in Q3
Ukraine’s GDP grew 4.2 percent year-on-year in the third quarter of 2019, easing from a 4.6 percent expansion in the previous period and easily beating expectations of 3.4 percent, preliminary estimates showed. On a quarterly basis, the country’s GDP advanced 0.7 percent, slowing from a 1.6 percent growth in Q2.

2019-09-18
Ukraine GDP Growth Confirmed at Over 2-Year High
Ukraine's gross domestic product grew 4.6 percent year-on-year in the second quarter of 2019, following a 2.5 percent expansion in the previous three-month period. That was the strongest growth rate since the last quarter of 2016, as household consumption increased 11.8 percent and fixed investment advanced 7.9 percent. Meanwhile, government spending contracted 6.4 percent while net external demand contributed negatively to the GDP, amid to a 9.1 percent jump in imports and a 4.4 percent rise in exports.

2019-08-14
Ukraine Economy Grows the Most in 2-1/2 Years
Ukraine's gross domestic product grew 4.6 percent year-on-year in the second quarter of 2019, by the most since the last quarter of 2016 and compared to a 2.5 percent expansion in the previous three-month period, a preliminary estimate showed. On a quarterly basis. the economy grew 1.6 percent.

2019-06-19
Ukraine GDP Growth Revised Higher to 2.5% YoY in Q1
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.

2019-05-15
Ukraine GDP Growth Slows to 2.2% in Q1
Ukraine's gross domestic product expanded 2.2 percent year-on-year in the first quarter of 2019, following a 3.5 percent growth in the previous period, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP rose by 0.2 percent after a 1.1 percent increase in the precedent quarter.

2019-03-21
Ukraine GDP Growth Revised Higher to 3.5% YoY in Q4
Ukraine’s gross domestic product expanded 3.5 percent year-on-year in the fourth quarter of 2018, following a 2.8 percent advance in the previous three month period and above a preliminary estimate of a 3.4 percent. Growth was mainly driven by household consumption (8.5 percent from 11.7 percent in Q3) and gross fixed capital formation (10.2 percent from 13.2 percent). In addition, government expenditure contracted at a much softer pace (-2.4 percent from -6.6 percent). Net foreign demand contributed negatively to growth, as exports went up 0.4 percent (from -4.9 in Q3) while imports advanced at a faster 2.8 percent (from 4.6 in Q3). On a quarterly basis, the economy grew 1.1 percent compared to an upwardly revised 0.7 percent gain in Q3 and in line with flash estimates. For the whole year, the economy grew 3.3 percent, the fastest growth rate since 2011, compared to a 2.5 percent expansion in 2017.


Ukraine GDP Annual Growth Rate
On the production side, services are the biggest sector of Ukrainian economy and account for nearly 68 percent of total GDP, of which the most important are; domestic trade (14 percent) and accommodation and food service (13 percent). Industry accounts for 22 percent of GDP and is divided by manufacturing (11 percent); and agriculture (10 percent).

Ukraine GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 1.60 3.90 -4.70 percent [+]
GDP Annual Growth Rate 4.10 4.60 14.30 -19.60 percent [+]
GDP 130.83 112.19 183.31 31.26 USD Billion [+]
GDP Constant Prices 308668.00 256164.00 319384.00 96169.00 UAH Million [+]
Gross Fixed Capital Formation 60835.00 52011.00 73438.00 14356.00 UAH Million [+]
GDP per capita 3110.20 2994.50 4243.77 1686.94 USD [+]
GDP per capita PPP 9233.15 8693.69 9233.15 3412.31 USD [+]
GDP From Agriculture 59150.00 13568.00 59150.00 6803.00 UAH Million [+]
GDP From Construction 9280.00 8746.00 11152.00 2757.00 UAH Million [+]
GDP From Manufacturing 26312.00 28799.00 41074.00 22049.00 UAH Million [+]
GDP From Mining 12174.00 11845.00 17972.00 10871.00 UAH Million [+]
GDP From Public Administration 13424.00 13803.00 14730.00 11925.00 UAH Million [+]
GDP From Services 35285.00 38087.00 43980.00 27971.00 UAH Million [+]
GDP From Transport 22980.00 22645.00 24464.00 16741.00 UAH Million [+]
GDP From Utilities 802.00 769.00 2063.00 611.00 UAH Million [+]