The newly approved IMF ‘rescue package’ has averted a balance-of-payments crisis and stabilised the currency following a 50% depreciation. However, the economic recession is likely to reach at least 5% this year due to the IMF-imposed austerity package and the ongoing internal armed conflict. The newly signed 'deep free trade' agreement with the EU – though beneficial in the long term – will require painful short- and medium-term adjustments, potentially inflicting further economic losses.

map Ukraine
Main Economic Indicators201120122013201420152016
Population, 1000 persons.457064559345490...
GDP, real change in %
GDP per capita (EUR at PPP)650067006700...
Gross industrial production, real change in %8.0-0.5-4.3...
Unemployment rate - LFS, in %, average7.
Average gross monthly wages, EUR237295308...
Consumer prices, % p.a.8.00.6-0.311.09.74.5
Fiscal balance in % of GDP-1.7-3.5-4.2...
Public debt in % of GDP35.135.338.8...
Current account in % of GDP-6.0-7.9-8.8-3.0-3.2-3.3
FDI inflow, EUR mn517763603396...
Gross external debt in % of GDP80.571.972.5...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


Monthly Report No. 10/2014

Vasily Astrov, Vladimir Gligorov, Julia Grübler, Peter Havlik, Michael Landesmann, Sandra M. Leitner, Olga Pindyuk, Marek Rojicek and Roman Stöllinger
wiiw Monthly Report No. 10, October 2014
44 pages including 21 Tables and 5 Figures


UKRAINE: Teetering on the brink

Vasily Astrov
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 105-107
Details and Buy