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.

map Ukraine
Main Economic Indicators201320142015201620172018
Population, 1000 persons.454904300142845...
GDP, real change in %0.0-6.6-
GDP per capita (EUR at PPP)660064006000...
Gross industrial production, real change in %-4.3-10.1-13.0...
Unemployment rate - LFS, in %, average7.
Average gross monthly wages, EUR308221173...
Consumer prices, % p.a.-0.312.148.714.58.96.0
Fiscal balance in % of GDP-4.2-4.5-1.6...
Public debt in % of GDP38.469.479.4...
Current account in % of GDP-8.7-3.4-0.2-1.8-1.7-2.2
FDI inflow, EUR mn33966412750...
Gross external debt in % of GDP71.7102.6133.0...

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,
51 pages including 3 Table and 33 Figures



UKRAINE: Still addicted to IMF injections

Vasily Astrov
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, , pp. 121-124
Details and Buy