National Economic Indicators

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.