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Gross domestic product (GDP) of Ukraine 2024

Ukraine: Gross domestic product (GDP) from 1994 to 2024 (in billion U.S. dollars)

by H. Plecher, last edited Sep 27, 2019
Gross domestic product (GDP) of Ukraine 2024 This statistic shows the Ukrainian gross domestic product (GDP) from 1994 to 2017 in billion U.S. dollars, with projections up until 2024. In 2017, Ukraine's GDP amounted to approximately 112.13 billion U.S. dollars. See the Russian GDP for comparison.
Ukraine's rocky economy

In just two years, between 2013 and 2015, GDP in Ukraine has been dramatically reduced to half its amount. This very severe decrease is mainly due to the civil war in the eastern part of the country, which is causing many of its inhabitants to be internally displaced, and life in general to become increasingly difficult for Ukrainians - not just because of the war, but because the country’s economy is in desperate trouble: The inflation rate has risen to almost 50 percent, the second highest rate around the world behind Venezuela, and unemployment is now at over 11 percent.

The industrial Donbass region located to the east of the country has also been devastated. Russia, Ukraine’s most important import and export partner until recently, most likely no longer plays this role, having caused a great shift in the country’s base economy. Ukraine’s national debt in relation to GDP is also unsustainable, having increased by over 50 percent in the last two years. Default or restructuring of its debt was inevitable, and eventually restructuring took place in August 2015. While the economy is expected to recover somewhat in 2016, its stability will depend on improving the stability of the country in order to create an environment in which the economy can operate and recover.
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Ukraine: Gross domestic product (GDP) from 1994 to 2024 (in billion U.S. dollars)

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GDP in billion U.S. dollars
2024*206.73
2023*190.33
2022*174.93
2021*160.59
2020*147.17
2019*134.89
2018*124.6
2017112.13
201693.31
201590.49
2014130.57
2013179.57
2012 175.71
2011 163.16
2010 136.01
2009 117.08
2008 181.31
2007 143.26
2006 107.77
2005 86
2004 64.75
2003 50.1
2002 42.34
2001 37.86
2000 32.33
1999 32.66
1998 43.32
1997 51.87
1996 46.08
1995 38.28
1994 38.01
GDP in billion U.S. dollars
2024*206.73
2023*190.33
2022*174.93
2021*160.59
2020*147.17
2019*134.89
2018*124.6
2017112.13
201693.31
201590.49
2014130.57
2013179.57
2012 175.71
2011 163.16
2010 136.01
2009 117.08
2008 181.31
2007 143.26
2006 107.77
2005 86
2004 64.75
2003 50.1
2002 42.34
2001 37.86
2000 32.33
1999 32.66
1998 43.32
1997 51.87
1996 46.08
1995 38.28
1994 38.01

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by H. Plecher, last edited Sep 27, 2019
This statistic shows the Ukrainian gross domestic product (GDP) from 1994 to 2017 in billion U.S. dollars, with projections up until 2024. In 2017, Ukraine's GDP amounted to approximately 112.13 billion U.S. dollars. See the Russian GDP for comparison.

Ukraine's rocky economy

In just two years, between 2013 and 2015, GDP in Ukraine has been dramatically reduced to half its amount. This very severe decrease is mainly due to the civil war in the eastern part of the country, which is causing many of its inhabitants to be internally displaced, and life in general to become increasingly difficult for Ukrainians - not just because of the war, but because the country’s economy is in desperate trouble: The inflation rate has risen to almost 50 percent, the second highest rate around the world behind Venezuela, and unemployment is now at over 11 percent.

The industrial Donbass region located to the east of the country has also been devastated. Russia, Ukraine’s most important import and export partner until recently, most likely no longer plays this role, having caused a great shift in the country’s base economy. Ukraine’s national debt in relation to GDP is also unsustainable, having increased by over 50 percent in the last two years. Default or restructuring of its debt was inevitable, and eventually restructuring took place in August 2015. While the economy is expected to recover somewhat in 2016, its stability will depend on improving the stability of the country in order to create an environment in which the economy can operate and recover.
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