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.