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Ukraine's economy in numbers:
Nominal GDP of USD 159 billion in 2022.
Nominal GDP of USD 178 billion in 2023.
GDP per capita of USD 4,720 compared to the global average of USD 10,589.
GDP per capita of USD 4,005 compared to the global average of USD 10,589.
Average real GDP growth of 3.1% over the last decade.
Average real GDP growth of 2.6% over the last decade.
Economic structure:
In 2021, services accounted for 66% of overall GDP, manufacturing 10%, other industrial activity 13%, and agriculture 11%. Looking at GDP by expenditure, private consumption accounted for 69% of GDP in 2021, government consumption 18%, fixed investment 14%, and net exports -1%.International trade:
In 2021, manufactured products made up 43% of total merchandise exports, mineral fuels 1%, food 40%, ores and metals 13% and agricultural raw materials 2%, with other categories accounting for 1% of the total. In the same period, manufactured products made up 68% of total merchandise imports, mineral fuels 18%, food 11%, ores and metals 2% and agricultural raw materials 1%, with other goods accounting for 0% of the total. Total exports were worth USD 41 billion in 2022, while total imports were USD 56 billion.Economic growth:
The economy recorded an average annual decrease of 3.1% in the decade to 2022. To read more about GDP growth in Ukraine, go to our dedicated page.
Fiscal policy:
Ukraine's fiscal deficit averaged 4.3% of GDP in the decade to 2022. Find out more on our dedicated page.
Unemployment:
The unemployment rate averaged 8.8% in the decade to 2021. For more information on Ukraine's unemployment click here.
Inflation:
Inflation averaged 12.9% in the decade to 2022. Go to our Ukraine inflation page for extra insight.
Monetary Policy:
Ukraine's monetary policy rate ended 2022 at 25.00%, up from 7.50% a decade earlier. See our Ukraine monetary policy page for additional details.
Exchange Rate:
From end-2012 to end-2022 the hryvnia weakened by 78.4% vs the U.S. dollar. For more info on the hryvnia, click here.
50 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 30 expert analysts.
Want to get insight on the economic outlook for Ukraine in the coming years? FocusEconomics collects projections out to 2034 on 50 economic indicators for Ukraine from a panel of 30 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Ukraine economy. To download a sample report on the Ukraine's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.