|
ECONOMIC INDICATORS |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
|
GROSS DOMESTIC PRODUCT (GDP), mln.UAH |
267344 |
345113 |
424741 |
544153 |
720731 |
948056 |
640927*** |
|
GDP, mln.US$ |
49562 |
64938 |
82796 |
108002 |
141644 |
198006 |
82262**** |
|
GDP per capita, UAH |
5547 |
7267 |
8885 |
11630 |
15496 |
20495 |
13938*** |
|
GDP per capita, US$ |
1041 |
1369 |
1732 |
2324 |
3066 |
4319 |
1789**** |
|
INDUSTRIAL OUTPUT GROWTH/DECLINE, % |
15.8 |
12.5 |
3.1 |
6.2 |
10.2 |
-3.1 |
-21,9 |
|
AGRICULTURAL PRODUCTION GROWTH/DECLINE, % |
-10.2 |
19.1 |
0 |
0.4 |
-5.6 |
17.5 |
0,1* |
|
FIXED INVESTMENT GROWTH, % |
31.3 |
28.0 |
1.9 |
19.0 |
29,8 |
-2,6 |
-43,7*** |
|
INFLATION RATE (CONSUMER PRICES), December to December, % |
8.2 |
12.3 |
10.3 |
11.6 |
16.6 |
22.3 |
12,3 |
|
TOTAL FOREIGN DIRECT INVESTMENTS (at the beginning of the period), bln.US$ |
5,5 |
6,8 |
9,0 |
16,9 |
21,6 |
29,5 |
35,7 |
|
FDI NET INFLOW, mln.US$ |
1185.7 |
1559.5 |
7492.8 |
5737 |
9218 |
10418 |
2868,2*** |
|
EXPORTS OF GOODS & SERVICES, mln. US$ |
28953 |
37980 |
40422 |
45873.2 |
57937.8 |
85957 |
35602,9** |
|
IMPORTS OF GOODS & SERVICES, mln. US$ |
27665 |
31055 |
39052 |
488769 |
636377 |
99076 |
40417,9** |
|
FOREIGN TRADE BALANCE, mln. $USD |
1288 |
6926 |
1370 |
-2973.7 |
-7311 |
-13119 |
–4815,0** |
Sources: State Committee of Statistics of Ukraine, Ministry of Economy.
* Preliminary estimates by Ministry of Economy
** Data for Jan-Nov 2009
*** Data for Q1-Q3 2009
At the beginning of 2010, Ukraine’s economy appears to be emerging from a deep recession, benefiting from a global economic recovery, a good harvest and a low baseline. Ukraine’s GDP is expected to return to growth in 2010, although the recovery will likely be modest. Public finances are the main cause of concern for late 2009-early 2010, with poor revenue growth, pre-election generosity in social expenditures, and suspended IMF financing. Sustaining fiscal accounts will require bold reform efforts by the new President. Otherwise, inflation risks and public debt concerns could increase substantially, hindering recovery.