Ukraine's GDP decreased by 11.4% over year, - State Statistics Service

Source : 112 Ukraine

The current GDP per capita is $736
19:07, 18 September 2020


The fall in the gross domestic product (GDP) of Ukraine in April-June 2020 amounted to 11.4% compared to the same period in 2019. The State Statistics Service reported that.

"Real gross domestic product (GDP) in Q2 2020 decreased by 9.9% compared to the previous quarter (taking into account the seasonal factor), and by 11.4% compared to Q2 2019,” the message says.

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The nominal GDP was $31 billion, and GDP per capita was $736.

As we reported before, according to the results of August 2020, inflation in Ukraine increased by 0.1% compared to July of the current year.

"Consumer prices in August 2020 decreased by 0.2% compared to July 2020, compared to the beginning of the year - increased by 1.2%. Core inflation in August 2020 was 0.1% (compared to July 2020), compared to the beginning of the year - 1.5%," reads the message.

Earlier, according to the forecast of the Fitch rating agency, Ukraine's GDP will have decreased by 6.5% by the end of this year.

At the same time, the agency predicts an increase in this indicator in 2021 and 2022 by 3.8% and 3.5%, respectively. However, given the ambiguous situation around the coronavirus pandemic and its consequences, these indicators may change significantly.

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