REUTERS
Ukraine’s gross domestic product as a whole has grown 2.3% in 2016 compared with 2015, according to the latest report by the State Statistics Service.
According to the data released, GDP growth was recorded for the first time in four years after the economy showed a 9.8% plunge in 2015 and a 6.6% drop in 2014. In 2013 GDP, the country’s GDP did not grow a bit.
Read alsoNBU lowers GDP growth forecast to 1.9% due to Donbas blockadeThe State Statistics Service says the nominal GDP in 2016 amounted to UAH 2.383 trillion, while GDP per capita – to UAH 55,848.
The agency also quotes the updated quarterly GDP estimates. In the first quarter of 2016, GDP grew by 0.1% by the first quarter of 2015, and by 0.5% – to the previous quarter; while nominal GDP amounted to UAH 455.637 billion.
In the second quarter, GDP grew by 1.5% compared to the same quarter of the previous year, and by 0.9% - to the previous quarter; while nominal GDP amounted to UAH 535.324 billion.
In the third quarter, GDP grew by 2.3% against the third quarter of 2015, and by 1.4% to the previous quarter; while nominal GDP amounted to UAH 669.170 billion.
In the fourth quarter, GDP increased by 4.8% compared to the same quarter of the previous year, and by 1.9% compared to the previous quarter; while nominal GDP amounted to UAH 723.051 billion.
Read alsoUkraine's finance ministry reports 2.2% GDP growth in 2016It is reminded that the data are provided excluding the occupied territory of the Autonomous Republic of Crimea, the city of Sevastopol, and part of the zone of the Anti-Terrorist Operation.
Previously, both the Government and the National Bank published almost similar estimates, stating a 2.2% GDP growth in 2016.