The economy continues to recover, driven by marked growth in both investments and, to a lesser extent, private consumption. Rapid disinflation on the back of exchange rate stabilisation and an easing of fiscal policy have also proven growth-supportive. Still, ongoing cooperation with the IMF remains crucially important for maintaining short-term stability. Barring adverse shocks, GDP is expected to pick up by 0.8% this year, followed by gradual acceleration to around 2% p.a. in 2017 2018.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||45490||43001||42845||.||.||.|
|GDP, real change in %||0.0||-6.6||-9.9||0.8||1.9||2.4|
|GDP per capita (EUR at PPP)||6600||6400||6000||.||.||.|
|Gross industrial production, real change in %||-4.3||-10.1||-13.0||.||.||.|
|Unemployment rate - LFS, in %, average||7.2||9.3||9.1||9.4||9.2||9.0|
|Average gross monthly wages, EUR||308||221||173||.||.||.|
|Consumer prices, % p.a.||-0.3||12.1||48.7||14.5||8.9||6.0|
|Fiscal balance in % of GDP||-4.2||-4.5||-1.6||.||.||.|
|Public debt in % of GDP||38.4||69.4||79.4||.||.||.|
|Current account in % of GDP||-8.7||-3.4||-0.2||-1.8||-1.7||-2.2|
|FDI inflow, EUR mn||3396||641||2750||.||.||.|
|Gross external debt in % of GDP||71.7||102.6||133.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 11/2016
Vasily Astrov, Mahdi Ghodsi, Vladimir Gligorov, Richard Grieveson, Julia Grübler, Sebastian Leitner and Robert Stehrer
wiiw Monthly Report No. 11, November 2016
51 pages including 3 Table and 33 Figures
UKRAINE: Still addicted to IMF injections
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, November 2016 , pp. 121-124 Details and Buy