Business news from Ukraine

Budget spending on Ukraine’s defense in 2022 amounts to 32.5% of GDP

State budget expenditures on Ukraine’s defense and national security in 2022 amounted to 32.5% of GDP, UAH 1.537 billion were allocated, Secretary of the National Security and Defense Council (NSDC) Oleksiy Danilov said.
“A few numbers. UAG 1.537 billion in 2022 were allocated to Ukraine’s national security and defense, which accounted for 32.5% of GDP. The needs of the frontline are of primary importance for President Zelensky and a definite priority!” Danilov said on Twitter.

,

Structure of Ukraine’s GDP in 2021 (production method, graphically)

Structure of Ukraine’s GDP in 2021 (production method, graphically)

SSC of Ukraine

Forecast of dynamics of changes in GDP in % for 2022-2024 in relation to previous period

Forecast of dynamics of changes in GDP in % for 2022-2024 in relation to previous period

NBU

Real GDP percentage changes over previous period in 2018-2022

Real GDP percentage changes over previous period in 2018-2022

SSC of Ukraine

Ukraine’s GDP decline slows to 30%

Ukraine’s real gross domestic product (GDP) fell by 30.8% in the third quarter of 2022 compared with the third quarter of 2021 after falling by 37.2% in the second quarter and 15.1% in the first this year, the State Statistics Service released this operational estimate on Friday.
According to the released data, GDP grew by 9.0% compared to the previous quarter (seasonally adjusted).
According to the State Statistics Service, Ukraine’s GDP grew by 3.4% in 2021 after a decline of 3.8% in 2020, its nominal volume was about $200 billion.
The Ministry of Economy previously noted that the Russian attacks on the energy infrastructure, which began on October 10, increased the rate of decline of the Ukrainian economy to approximately 39% in October and 41% in November, resulting in the forecast for the year as a whole worsened from 32% to 33.2%.
NBU leaders also said at a briefing on December 8 that the Russian energy terror worsened their estimate of this year’s GDP decline by 31.5%, but did not specify by how much.
IMF expects Ukrainian economy to fall by 33% this year

Forecast of dynamics of changes in GDP in % for 2022-2024 in relation to previous period

Forecast of dynamics of changes in GDP in % for 2022-2024 in relation to previous period

NBU