Ukraine sees economy contract by 4% in 2020

REUTERS

Ukraine's real gross domestic product (GDP) decreased by 4% in 2020 against 2019.

The country's nominal GDP amounted to UAH 4.194 trillion, or US$151 billion, and GDP per capita was UAH 100,469, or about US$ 3,600, the State Statistics Service said on its website.

In the first quarter of 2020, Ukraine's real GDP decreased by 1.2%, while it declined by 11.2% in the second quarter, by 3.5% in the third quarter and by 0.5% in the fourth quarter.

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Previous developments

• Earlier, the National Bank estimated a decline in Ukraine's real GDP in 2020 at 4.4%; while the Ministry for Development of Economy, Trade and Agriculture projected a 4.2% decrease.