Ukraine
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Population, 1000 persons | 42028 | 41745 | 41378 | . | . | . |
| GDP, real change in % | 3.2 | -3.8 | 3.4 | -38.0 | 5.0 | 13.0 |
| GDP per capita (EUR at PPP) | 9080 | 8790 | 9390 | . | . | . |
| Gross industrial production, real change in % | -0.5 | -4.5 | 1.9 | . | . | . |
| Unemployment rate - LFS, in %, average | 8.2 | 9.5 | 9.9 | 25.0 | 15.0 | 10.0 |
| Average gross monthly wages, EUR | 363 | 376 | 434 | . | . | . |
| Consumer prices, % p.a. | 7.9 | 2.7 | 9.4 | 15.0 | 10.0 | 6.0 |
| Fiscal balance in % of GDP | -2.2 | -5.3 | -3.4 | -25.0 | -15.0 | -8.0 |
| Public debt in % of GDP | 50.2 | 60.4 | 48.9 | . | . | . |
| Current account in % of GDP | -2.7 | 3.4 | -1.3 | 1.4 | 1.4 | 0.2 |
| FDI inflow, EUR m | 5174 | 266 | 6066 | . | . | . |
| Gross external debt in % of GDP | 79.4 | 74.6 | 67.7 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
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UKRAINE: Losses from the war are mounting
Olga Pindyuk
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 130-133
Details and Buy
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Monthly Report No. 03/2022 - Amended Version
Vasily Astrov, Vladislav L. Inozemtsev, Michael Landesmann and Nina Vujanović
wiiw Monthly Report No. 3, March 2022
53 pages including 1 Table and 29 Figures
The war has caused Ukraine significant economic and humanitarian losses. Economic activity has practically ceased in those regions where military operations are under way, and more than a quarter of the population has been displaced. We expect a gradual recovery of Ukraine’s economy in 2023, but there is practically no chance of the recovery being even remotely V-shaped. GDP growth will accelerate in 2024, provided financial support is forthcoming from the West in the shape of a Marshall Plan-type reconstruction fund.