Business news from Ukraine

Business news from Ukraine

MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN 2017 AND IN JAN 2018

26 February , 2018  

The growth of Ukraine’s real gross domestic product (GDP) in 2017 was 2.2% compared to 2.3% in 2016, the Ministry of Economic Development and Trade said, with reference to preliminary estimates from the State Statistics Service.
The growth of Ukraine’s real GDP (gross domestic product) in the fourth quarter of 2017 compared to the same quarter of 2016 amounted to 1.8% against 2.1% in the third quarter, the State Statistics Service has said.
The National Bank of Ukraine (NBU) has estimated growth of real gross domestic product (GDP) of Ukraine in 2017 at 2.1%.
The deficit of Ukraine’s balance of foreign trade in 2017 totaled $2.63 billion, while a year ago the surplus was $0.54 billion, the State Statistics Service reported. The deficit of Ukraine’s foreign trade in goods in 2017 increased 2.2-fold compared to 2016 and amounted to $6.332 billion (in 2016 the figure stood at $2.888 billion).
Industrial prices in Ukraine in January 2018 increased by 4.4% from December 2017, whereas their growth in December 2017 was by 1.7%, in November 2017 by 1.8% and in October 2017 by 2.3%.
Inflation in Ukraine in January 2018 was 1.5% compared to 1% in December of the previous year.
The revenues of the national budget of Ukraine in January 2018 amounted to UAH 55.06 billion, which is UAH 1.5 billion or 2.8% more than the target, the State Treasury Service has said.
Customs payments to the national budget in January 2018 increased by 43.5% compared to January 2017, to UAH 27.1 billion, which is UAH 4 billion, or 16.8% more than the target set by the Ministry of Finance, the State Fiscal Service said on its Facebook page.
Assets of the National Bank of Ukraine (NBU) as of January 1, 2018 reached UAH 1.026 trillion, which is 9.1% more than as of January 1, 2017, including a rise of 3.7% in the fourth quarter of 2017. The banking sector of Ukraine in 2017 posted UAH 24.4 billion of net loss, according to a February survey of the banking sector posted on the website of the National Bank of Ukraine (NBU).
Money stock in Ukraine in January 2018 decreased by 2.7%, to UAH 1.177 trillion.
Ukraine in 2017 sold industrial products (goods, services) for UAH 2.153 trillion, which is 21.9% more than in 2016 (UAH 1.766 trillion), in particular abroad for UAH 596.1 billion (UAH 466.6 billion), the State Statistics Service has said.
Transport companies in Ukraine in January 2018 increased passenger transportation by 1.6% compared to January 2017, to 366.7 million people, but transport companies in Ukraine in January 2018 decreased transportation of goods by 13.4% compared to January 2017, to 45.2 million tonnes.
Retail trade turnover in Ukraine in January 2018 in comparable prices increased by 9.6% compared to January 2017, while compared to December 2017 decreased by 24.5%.