Ukraine's real GDP in Q1 2021 falls by 2.2 percent compared to that in Q1 2020

Source : 112 Ukraine

Currently, the nominal GDP makes roughly 37 billion US dollars; the GDP per capita totals 24,280
11:40, 23 June 2021

Ukraine's real GDP in the first quarter of 2021 has dropped by 2.2 percent compared to the index observed in Q1 2020, though in the middle of May, the decline was estamated as 2 percent. The respective date is published on the website of the State Statistics Service.

In Q1 2021, the real GDP decreased by 1.2 percent, compared to Q4 2020.

Currently, the nominal GDP in Ukraine makes roughly 37 billion US dollars; the GDP per capita totals 24,280.

Meanwhile, Ukraine occupies one of the last places in the world competitiveness rating - 54th place among 64 countries of the world. The ranking has been published by the Swiss research institute IMD.

Related: In 2020, Ukraine's real GDP fell by 4 percent, - State Statistics Service

Ukraine's current results are: 54th in terms of economic performance, 53rd in government efficiency, 50th in business efficiency and 51st in infrastructure. According to the general assessment, Ukraine has climbed six positions up in the rating since 2017.

Switzerland took the first place in terms of competitiveness this year. Sweden, Denmark, the Netherlands and Singapore are in the top five.

The World Competitiveness Ranking is based on 334 competitiveness criteria selected as a result of comprehensive research using economic literature, international, national and regional sources and feedback from the business community, government agencies and academics. The criteria are revised and updated on a regular basis as new theory, research and data become available and as the global economy evolves.

Related: Ukraine's GDP falls for second year in row

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