After a sharp contraction in the second quarter of 2020, the Ukrainian economy has started to recover. We expect economic growth to return in 2021-2022, but to be fragile and subject to many downside risks. The coronavirus pandemic and the inability of the government to tackle corruption represent major threats to the economy in the future.

map Ukraine
Main Economic Indicators201720182019202020212022
Population, 1000 persons424854227042028...
GDP, real change in %
GDP per capita (EUR at PPP)813083108720...
Gross industrial production, real change in %1.13.0-0.5...
Unemployment rate - LFS, in %, average9.
Average gross monthly wages, EUR237276363...
Consumer prices, % p.a.14.410.
Fiscal balance in % of GDP-1.4-1.9-2.2...
Public debt in % of GDP71.860.950.3...
Current account in % of GDP-3.1-4.9-2.73.6-0.6-2.9
FDI inflow, EUR mn347338725207...
Gross external debt in % of GDP97.383.479.5...

Basic data are continuously updated.

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


UKRAINE: Fragile recovery in the face of growing risks

Olga Pindyuk
in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 125-128
Details and Buy


Monthly Report No. 5/2020

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Hermine Vidovic
wiiw Monthly Report No. 5, May 2020
96 pages including 27 Tables and 39 Figures