Ukraine

map Ukraine
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.
        FORECAST*
Main Economic Indicators201920202021202220232024
Population, 1000 persons420284174541378...
GDP, real change in %3.2-3.83.4-38.05.013.0
GDP per capita (EUR at PPP)908087909390...
Gross industrial production, real change in %-0.5-4.51.9...
Unemployment rate - LFS, in %, average8.29.59.925.015.010.0
Average gross monthly wages, EUR363376434...
Consumer prices, % p.a.7.92.79.415.010.06.0
Fiscal balance in % of GDP-2.2-5.3-3.4-25.0-15.0-8.0
Public debt in % of GDP50.260.448.9...
Current account in % of GDP-2.73.4-1.31.41.40.2
FDI inflow, EUR m51742666066...
Gross external debt in % of GDP79.474.667.7...


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
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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

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