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 |
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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 |
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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 |
Ukraine
Inflation & Debt
Inflation |
2017 14.4% 2018 10.9% 2019 7.9% 2020* 2.7% 2021* 9.5% *Estimate |
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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) |
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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 |
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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 |
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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 |
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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 |
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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