Economic recovery is projected to accelerate from an estimated 2.1% last year to around 3% p.a. in 2018-2020, mostly thanks to an expected recovery of exports. In the short run, growth will also be helped by a more expansionary fiscal policy in the run-up to next year’s presidential and parliamentary elections. Monetary policy, by contrast, has been tightened markedly in an attempt to tame the stubbornly high inflation.

map Ukraine
Main Economic Indicators201520162017201820192020
Population, 1000 persons428454267342490...
GDP, real change in %-
GDP per capita (EUR at PPP)600061006300...
Gross industrial production, real change in %-13.02.8-0.1...
Unemployment rate - LFS, in %, average9.
Average gross monthly wages, EUR173183237...
Consumer prices, % p.a.48.713.914.410.86.76.0
Fiscal balance in % of GDP-1.6-2.3-1.5...
Public debt in % of GDP79.180.977.0...
Current account in % of GDP-0.2-3.7-3.7-3.5-3.8-5.4
FDI inflow, EUR mn275031082088...
Gross external debt in % of GDP132.4128.9107.9...

Basic data are continuously updated.

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


UKRAINE: Reforms stall ahead of elections

Vasily Astrov
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 154-158
Details and Buy


Monthly Report No. 11/2017

Amat Adarov, Vasily Astrov, Julian Hinz, Evgenii Monastyrenko and Sandor Richter
wiiw Monthly Report No. 11, November 2017
47 pages including 3 Table and 21 Figures