Ukraine has enough potential to increase its GDP to $1 trillion, President Vladimir Zelensky said.
“The specific goal for Ukraine’s GDP is $1 trillion… This is a very, very, very high bar, and it looks seemingly unrealistic, but Ukraine’s potential is capable of providing it,” he said, speaking at the Verkhovna Rada on Wednesday.
Zelensky also set a goal of significantly increasing wages for Ukrainians.
“Victory Ukraine will give up the idea that labor of Ukrainians and Ukrainian women should be cheap. Because supposedly the cheapness of our people’s labor was Ukraine’s competitive advantage. Our goal is to reach a level of wages that can be determined by the formula: “neighbors in the European Union +30%.” This is the goal, a fair goal for this war,” said the President.
At the same time, he advocated updating labor laws and a new rational tax treaty between the state and society after the war is over.
As reported, the goal of increasing Ukraine’s nominal dollar GDP by 6.2 times in 10 years – from $161 billion in 2022 to $1 trillion – was announced by First Deputy Prime Minister Yulia Sviridenko at a conference on Ukraine’s reconstruction in London last week. In the prewar year of 2021, Ukraine’s GDP exceeded $200 billion.
