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Indicators of economy in Ukraine

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.906 US Dollar per capita. In contrast, the GDP in Ukraine reached 3.523 US dollars per inhabitant, or 155.50 bn US Dollar in the whole country. Ukraine is therefore currently ranked 55 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Ukraine is in the list of the world's richest countries in place 103.

Inflation in Ukraine was in 2020 at around 2.73%. For the the EU, the average of the same was year at 0.50%. In the United States, it was most recently 1.23%.

Compared with the USA, prices for daily consumer goods are around 69.8% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Ukraine

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Ukraine in 2020 increased from 153.88 billion US Dollar to 155.50 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 1.1 percent increase has been rather unusual this year. While most countries have suffered significant losses, Ukraine has certainly held its own. The unemployment rate rose from 8.2 to 9.5 percent. The inflation rate has fallen from 7.9 percent previously to 2.7 percent by the end of 2020.

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Ukraine
Total
Ukraine
per capita
EU
Total
EU
per capita
GDP155.50 bn USD3,523.28 USD15,292.10 tn USD29,692.44 USD
Gross national product149.19 bn USD3,380.22 USD15,330.18 tn USD29,766.38 USD


Ukraine ranked 58th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.

Development of the Gross domestic product in billion US Dollar 1987 - 2020



Im- and Exports 2020

 Ukraine
Total
Ukraine
per capita
EU
Total
EU
per capita
Imports62.46 bn USD1,415.28 USD7,314.16 bn USD14,201.79 USD
Exports60.67 bn USD1,374.72 USD7,834.94 bn USD15,212.97 USD


Development of imports and exports in billion US dollars 1994 - 2020

Exports
Imports



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