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
