REUTERS Ukraine&#39;s gross domestic product (GDP) grew by 3.1% in January-March 2018 (Q1) year-over-year (y-o-y). The figures are in line with operational estimates the agency published earlier., as well as the GDP growth rate in 1Q 2018 against 4Q 2017, taking into account the seasonal factor at 0.9%. The nominal GDP amounted to UAH 700.4 billion (US$26.5 billion), GDP per person stood at UAH 16,537 ($625), while the change in the GDP deflator accounted for 14.9%. The State Statistics Service said the report did not include data from the temporarily occupied areas in the Autonomous Republic of Crimea, the city of Sevastopol, as well as Russian-occupied Donbas in eastern Ukraine. Read alsoBudget deficit in Ukraine may exceed targeted 2.5% of GDP – NBU As UNIAN reported earlier, the State Statistics Service of Ukraine has revised upwards its estimate of Ukraine&#39;s real GDP growth in 2017 from 2.2% to 2.5%, according to operative estimates, including in the fourth quarter from 1.8% to 2.2%. In January, the National Bank improved its forecast of Ukraine&#39;s GDP growth in 2018 to 3.4%. However, the regulator raised its inflation forecast for 2018 to 8.9%. The Ukrainian government expects economic growth in 2018 at 3% amid 9% inflation. The International Monetary Fund and the World Bank project Ukraine&#39;s real GDP may grow by 3.5% in 2018 amid 10% inflation.