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Ukraine’s retail trade increases by 8.8% in 2017

Source : 112 Ukraine

Zakarpattya region saw the fastest increase (17.2%)
17:25, 25 January 2018

Open source

The volume of Ukraine’s retail trade turnover reached $28.3 billion, which means it increased by 8.8% in 2017, compared to its 2016 figure. This data was published by the State Statistics Service of Ukraine, UNIAN reports.

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It is important to note, however, that the Statistics Service has not published statistics in monetary terms before. At the same time, last year the agency reported that in 2016 retail turnover amounted to $40.1 billion, which was $11.7 billion up against 2017. According to the statistics service, comparing data from the relevant periods of the previous year would not be correct, as the calculation methodology has changed since the beginning of 2017.

Related: Trade between Ukraine and Canada grows by 60% due to FTA

The volume of retail trade over this period grew fastest in Zakarpattya region (by 17.2%), Odesa region (by 14.1%), Lviv region (by 13.5%), Cherkasy region (by 12.3%), Kyiv region (by 11.7%) and Vinnytsya region (by 11%). On the contrary, retail trade turnover slowed down in Volyn region (by 5.8%).

Related: Trade with other countries grows by 30% due to Free Trade Area with EU, - Groysman

Retail trade in December 2017 alone grew by 16.1% year-over-year. The total turnover of businesses operating in retail trade in 2017 was estimated at $20.4 billion, demonstrating a 8.6% increase compared to 2016. From 2015 to 2016, Ukraine’s retail trade turnover grew by 3.7% to reach $40.1 billion.

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