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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.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||45706||45593||45490||.||.||.|
|GDP, real change in %||5.4||0.2||0.0||-5.0||0.0||1.8|
|GDP per capita (EUR at PPP)||6500||6700||6700||.||.||.|
|Gross industrial production, real change in %||8.0||-0.5||-4.3||.||.||.|
|Unemployment rate - LFS, in %, average||7.9||7.5||7.2||8.0||8.0||7.7|
|Average gross monthly wages, EUR||237||295||308||.||.||.|
|Consumer prices, % p.a.||8.0||0.6||-0.3||11.0||9.7||4.5|
|Fiscal balance in % of GDP||-1.7||-3.5||-4.2||.||.||.|
|Public debt in % of GDP||35.1||35.3||38.8||.||.||.|
|Current account in % of GDP||-6.0||-7.9||-8.8||-3.0||-3.2||-3.3|
|FDI inflow, EUR mn||5177||6360||3396||.||.||.|
|Gross external debt in % of GDP||80.5||71.9||72.5||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2014
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures Details
UKRAINE: Teetering on the brink
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 105-107 Details and Buy