Ukraine’s real gross domestic product fell by 29.1% in 2022 after growing 3.4% in 2021 due to full-scale Russian military aggression, the State Statistics Service said.
According to its data, Ukraine’s nominal GDP last year was markedly higher than most analysts’ forecasts and amounted to UAH 5.191 trillion.
Gosstat specified that the deflator change for 2022 as a whole amounted to 34.3%, including 36.5% in the fourth quarter, compared to 38.1% in the third quarter, 37.7% in the second quarter and 25.5% in the first quarter.
According to his data, Ukraine’s real GDP decreased by 31.4% in the fourth quarter of last year, 30.6% in the third quarter, 36.9% in the second quarter and 14.9% in the first quarter.
According to Oleksiy Blinov, head of the analytical department of Sense Bank, in dollar terms the nominal GDP for last year was about $159 billion.
For 2021, the nominal GDP of Ukraine, according to the State Statistics Committee, was equal to 5.451 trillion UAH, or more than $200 billion.
