The real gross domestic product (GDP) of Ukraine in 2018 grew by 3.3 percent after raising by 2.5 percent in 2017 and by 2.4 percent in 2016, the State Statistics Service has stated.
Nominal GDP amounted to Hr 3.559 trillion, and Hr 84,190 per capita, the change in the deflator was 5.4 percent.
According to the report, the State Statistics Service has improved the estimate of GDP growth in the fourth quarter of 2018 from the fourth quarter of 2017 from 3.4 percent to 3.5 percent.
The estimates of the rate of growth of the Ukrainian economy in the two previous quarters remained unchanged: 2.8 percent in the third quarter, 3.8 percent in the second quarter, while the figure was raised from 3.1 percent to 3.3 percent in the first quarter.
The National Bank of Ukraine at the end of January 2019 deteriorated its estimate of Ukraine’s GDP growth last year from 3.4 percent to 3.3 percent, estimating it in the fourth quarter at 3.3 percent. According to its expectations, this year the country’s economy will increase by 2.5 percent, and in 2020 by 2.9 percent.
According to the consensus forecast compiled by the Ministry of Economic Development and Trade in December, Ukraine’s GDP growth in 2018 was estimated at 3.1 percent, in 2019 at 2.9 percent.
The national budgets for 2018 and 2019 are built on the forecast of economic growth in these years by 3 percent annually.
