Ukraine Economic Statistics and Indicators

08, Dec 2019, EST. Welcome to the Ukraine economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Ukraine › Change country
National or Regional Currency: Hyrvna, UAH
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 44,291,413 (July 2014 est.)
Area: total: 603,550 sq km ; land: 579,330 sq km ; water: 24,220 sq km
Natural Resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber, arable land
Capital: name: Kyiv (Kiev) ; note: pronounced KAY-yiv ; geographic coordinates: 50 26 N, 30 31 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

After Russia, the Ukrainian republic was the most important economic component of the former Soviet Union, producing about four times the output of the next-ranking republic. Its fertile black soil generated more than one-fourth of Soviet agricultural output, and its farms provided substantial quantities of meat, milk, grain, and vegetables to other republics. Likewise, its diversified heavy industry supplied the unique equipment (for example, large diameter pipes) and raw materials to industrial and mining sites (vertical drilling apparatus) in other regions of the former USSR. Shortly after independence in August 1991, the Ukrainian Government liberalized most prices and erected a legal framework for privatization, but widespread resistance to reform within the government and the legislature soon stalled reform efforts and led to some backtracking. Output by 1999 had fallen to less than 40% of the 1991 level. Ukraine's dependence on Russia for energy supplies and the lack of significant structural reform have made the Ukrainian economy vulnerable to external shocks. Ukraine depends on imports to meet about three-fourths of its annual oil and natural gas requirements and 100% of its nuclear fuel needs. After a two-week dispute that saw gas supplies cutoff to Europe, Ukraine agreed to 10-year gas supply and transit contracts with Russia in January 2009 that brought gas prices to "world" levels. The strict terms of the contracts have further hobbled Ukraine's cash-strapped state gas company, Naftohaz. Outside institutions - particularly the IMF - have encouraged Ukraine to quicken the pace and scope of reforms to foster economic growth. Ukrainian Government officials eliminated most tax and customs privileges in a March 2005 budget law, bringing more economic activity out of Ukraine's large shadow economy, but more improvements are needed, including fighting corruption, developing capital markets, and improving the legislative framework. Ukraine's economy was buoyant despite political turmoil between the prime minister and president until mid-2008. The economy contracted nearly 15% in 2009, among the worst economic performances in the world. In April 2010, Ukraine negotiated a price discount on Russian gas imports in exchange for extending Russia's lease on its naval base in Crimea. Movement toward an Association Agreement with the European Union, which would commit Ukraine to economic and financial reforms in exchange for preferential access to EU markets, was curtailed by the November 2013 decision of President YANUKOVYCH against signing this treaty. In response, on 17 December 2013 President YANUKOVYCH and President PUTIN concluded a financial assistance package containing $15 billion in loans and lower gas prices. However, the end of the YANUKOVYCH government in February 2014 caused Russia to halt further funding. With the formation of an interim government in late February 2014, the international community began efforts to stabilize the Ukrainian economy, including a 27 March 2014 IMF assistance package of $14-18 billion.
More on the Ukraine Economy
More on the Ukraine Export, Import and Trade

GDP (Constant Prices, National Currency) for Ukraine in year 2015 is UAH 960.789 Billion.

GDP Growth (Constant Prices, National Currency) for Ukraine in year 2015 is -9.87 %.

GDP (Current Prices, National Currency) for Ukraine in year 2015 is UAH 1,979.46 Billion.

GDP (Current Prices, US Dollars) for Ukraine in year 2015 is US$ 90.524 Billion.

GDP Deflator for Ukraine in year 2015 is 206.024 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Ukraine in year 2015 is UAH 22558.551 .

GDP Per Capita (Current Prices, National Currency) for Ukraine in year 2015 is UAH 46476.078 .

GDP Per Capita (Current Prices, US Dollars) for Ukraine in year 2015 is US$ 2125.426 .

GDP (PPP), US Dollars for Ukraine in year 2015 is US$ 339.481 Billion.

GDP Per Capita (PPP), US Dollars for Ukraine in year 2015 is US$ 7970.752 .

GDP Share of World Total (PPP) for Ukraine in year 2015 is 0.299 %.

Implied PPP Conversion Rate for Ukraine in year 2015 is 5.831 .

Investment (% of GDP) for Ukraine in year 2015 is 15.322 %.

Gross National Savings (% of GDP) for Ukraine in year 2015 is 15.035 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Ukraine in year 2015 is 56,304,011.47 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Ukraine in year 2015 is 48.684 %.

Inflation, End of Year (Indexed to Year 2000) for Ukraine in year 2015 is 60,748,197.58 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Ukraine in year 2015 is 43.313 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Ukraine in year 2015 is -30.296 %.

Import Volumes of Goods Only (Percent Change) for Ukraine in year 2015 is -30.296 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Ukraine in year 2015 is -14.192 %.

Export Volumes of Goods Only (Percent Change) for Ukraine in year 2015 is -14.192 %.

Unemployment Rate (% of Labour Force) for Ukraine in year 2015 is 9.484 %.

Population for Ukraine in year 2015 is 42.591 Million .

General government revenue (National Currency) for Ukraine in year 2015 is UAH 832.86 Billions.

General government revenue (% of GDP) for Ukraine in year 2015 is 42.075 %.

General government total expenditure (National Currency) for Ukraine in year 2015 is UAH 855.94 Billions.

General government total expenditure (% of GDP) for Ukraine in year 2015 is 43.241 %.

Total Government Net Lending/ Borrowing (National Currency) for Ukraine in year 2015 is UAH -23.08 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Ukraine in year 2015 is -1.166 %.

General Government Structural Balance (National Currency) for Ukraine in year 2015 is UAH -13.884 Billion.

General Government Structural Balance (% Potential GDP) for Ukraine in year 2015 is -0.665 %.

Fiscal Year Gross Domestic Product, Current Prices for Ukraine in year 2015 is UAH 1,979.46 Billions.

Current Account Balance (US Dollars) for Ukraine in year 2015 is US$ -0.26 Billion.

Current Account Balance (% GDP) for Ukraine in year 2015 is -0.287 %.