Ukraine’s real gross domestic product (GDP) in 2020 fell by 4% after four years of growth, the State Statistics Service has said.
According to its data, the nominal GDP amounted to UAH 4.194 trillion, and per capita – UAH 100,470.
The service clarified that the change in the deflator in the past year was 9.8%.
According to the agency, in the first quarter of 2020 compared to the first quarter of 2019, the decline was 1.2%, in the second quarter it accelerated to 11.2%, after which it slowed down to 3.5% in the third quarter and 0.5% in the fourth.
Nominal GDP in the first quarter of last year was UAH 854.05 billion (deflator change – 5.3%), in the second – UAH 875.34 billion (5.6%), in the third – UAH 1.163 trillion (8.4%) and in the fourth – UAH 1.302 trillion (17.5%).
The State Statistics Service recalled that in 2019, Ukraine’s GDP grew by 3.2%, a year earlier – by 3.4%, and in 2017 and 2016 it increased by 2.5% and 2.4% respectively, after a decline of 9.8% in 2015 and 6.6% in 2014.
The government predicts the growth of the Ukrainian economy by 4.6% in 2021.
