Browse a full set of economic indicators

Ukraine

Includes Ukraine real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Ukraine economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Ukraine best banks and safest banks are also available.

Basic Information

Government Type: Semi-presidential republic

Capital City: Kyiv (Kiev) 

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank National Bank of Ukraine
Currency Hryvnia (UAH)
International Reserves USD 20.8 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product – GDP USD 29.14 billion (2020)
World Bank, last updated 12/16/2021
GDP (Purchasing Power Parity) USD 181.04 billion (2021 estimate)
IMF – World Economic Outlook, October 2021

GDP Data

Real GDP growth 2017 2.4%
2018 3.5%
2019 3.2%
2020 -4%
2021* 3.5%

*Estimate
GDP per capita – current prices USD 4,384.24 (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP per capita – PPP USD 14,145.87 (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP (PPP) – share of world total 0.40% (2021 estimate)
IMF – World Economic Outlook, October 2021
GDP – composition by sector agriculture: 9.3%
industry: 20.9%
services: 55.6%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2017 14.4%
2018 10.9%
2019 7.9%
2020* 2.7%
2021* 9.5%

*Estimate

Inflation & Debt

Inflation 2017 14.4%
2018 10.9%
2019 7.9%
2020* 2.7%
2021* 9.5%

*Estimate
Government Bond Ratings Standard & Poor’s: B

Moody’s: B3

Standard & Poor’s / Moody’s (January 2022)
Unemployment rate 2017 9.7%
2018 9%
2019 8.5%
2020 9.2%
2021* 9.7%

*Estimate
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2017 71.6%
2018 60.4%
2019 50.5%
2020 60.8%
2021* 54.4%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2017 1.5%
2018 1.1%
2019 1.1%
2020 -3.1%
2021* -1.3%

*Estimate

Market value of publicly traded shares USD 4.4 billion (2018)
World Bank / Market capitalization
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 39.1% (2020)
World Bank – World Development Indicators (updated Feb 2022)
Shares in world total merchandising export 0.28% (2020)

Shares in world total commercial services export 0.3% (2020)
Total exports USD 60.7 billion (2020 estimate)
Export commodities Corn, sunflower seed oils, iron and iron products, wheat, insulated wiring, rapeseed (2019)
Total imports USD 62.8 billion (2020 estimate)

Import commodities Refined petroleum, cars, packaged medicines, coal, natural gas (2019)
Exports – major partners Russia 9%, China 8%, Germany 6%, Poland 6%, Italy 5%, Turkey 5% (2019)
Imports – major partners China 13%, Russia 12%, Germany 10%, Poland 9%, Belarus 7% (2019)

Competitiveness & Trade

Current account balance USD -1.2 billion (2021 estimate)
IMF – World Economic Outlook, October 202
Current account balance by percentage of GDP -0.69% (2021 estimate)
IMF – World Economic Outlook, October 2021
FDI inflows 2019 USD 4.5 billion
2020 USD 5.9 billion
2021 –868 million
FDI Outflows 2019 USD -5 million
2020 USD 648 billion
2021 USD 82 million
Value of cross-border M&A, by country of purchaser 2018 USD 162 million
2019 USD 105 million
2020 USD 29 million
2021 USD –65 million
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

64 out of 190 countries

​Subcategories:

Starting a Business: 61 out of 190 countries
Dealing with Construction Permits: 20 out of 190 countries
Getting Electricity: 128 out of 190 countries
Registering Property: 61 out of 190 countries
Getting Credit: 37 out of 190 countries
Protecting Minority Investors: 45 out of 190 countries
Paying Taxes: 65 out of 190 countries
Trading across Borders: 74 out of 190 countries
Enforcing Contracts: 63 out of 190 countries
Resolving Insolvency: 146 out of 190 countries
World Bank – Doing Business 2020
Global competitiveness ranking 25 out of 141 (2019)
World Economic Forum / Global competitiveness ranking
Index of Economic Freedom Ranking: 130 / Score: 54.1 (Mostly Unfree)
The Heritage Foundation – 2022 Index of Economic Freedom

Population & Geographic Data

Total Area 603,500 sq km


Total Population 1990 51.9 Million
2000 49.2 Million
2010 45.9 Million
2015 45.2 Million
2020 44.1 Million
Urban population as % of total population 1960 46.8%
1980 61.7%
2000 67.1%
2020 69.6%
Population median age 41.2 years (2020 est.)


CIA World Factbook / Population median age
Population growth rate -0.5% (2022 est.)
Life expectancy 73.5 years (2022 estimate)
% of population living on less than $3.10 a day 0.1% (last available estimate, 2020)
Inequality of wealth distribution (Gini index)
25.6 (last available estimate, 2020)

(0=perfect equality, 100=absolute inequality)
Freedom House rating Total score: 61/100

Status: Partly Free

Political Rights: 26/40

Civil Liberties: 35/60 (2022)
Total telephone subscribers as % of population Fixed: 7.9%

Mobile: 129.3% (2020)

(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 75.0% (2020)

Language & Religon

Languages Ukrainian (official) 67.5%, Russian (regional language) 29.6%, other (includes small Crimean Tatar-, Moldovan/Romanian-, and Hungarian-speaking minorities) 2.9% (2001 est.); note – in February 2018, the Constitutional Court ruled that 2012 language legislation entitling a language spoken by at least 10% of an oblast’s population to be given the status of “regional language” – allowing for its use in courts, schools, and other government institutions – was unconstitutional, thus making the law invalid; Ukrainian remains the country’s only official nationwide language
Literacy Total population: 99.8%

Male: 99.8%

Female: 99.7% (2015)

Definition: age 15 and over can read and write
Religions Orthodox (includes the Orthodox Church of Ukraine (OCU), Ukrainian Autocephalous Orthodox Church (UAOC), and the Ukrainian Orthodox – Moscow Patriarchate (UOC-MP)), Ukrainian Greek Catholic, Roman Catholic, Protestant, Muslim, Jewish (2013 est.)

World Rankings

Richest Country #5
Mercer Cost of living index N/A
C02 Emissions per capita 4.2 metric tons per capita (2018)
World Bank / CO2 emissions

Global Finance Rankings & Awards: Ukraine

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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