Countries
Ukraine
Key Economic Indicators
$656.53 billion
$18,550
2.91%
6.5%
9.83%
$190.741 billion (2024 est.)
<b>note:</b> central government debt as a % of GDP
$-15,142,000,000
Economic Overview
<p>lower-middle-income, non-EU, Eastern European economy; key wheat and corn exporter; gradual recovery after 30% GDP contraction at start of war; damage to infrastructure and agriculture balanced by consumer and business resilience in western Ukraine; international aid has stabilized foreign exchange reserves, allowing managed currency float; continued progress on anti-corruption reforms</p>
All Economic Data
Agricultural products
maize, wheat, potatoes, sugar beets, sunflower seeds, milk, barley, soybeans, rapeseed, tomatoes (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
6.9% of household expenditures (2023 est.)
On food:
41.7% of household expenditures (2023 est.)
Budget
Expenditures:
$121.657 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$86.185 billion (2023 est.)
Currency
code:
UAH
name:
Ukrainian hryvnia (UAH) [₴]
Current account balance
$-15,142,000,000
Current account balance 2022:
$7.976 billion (2022 est.)
Current account balance 2023:
-$9.564 billion (2023 est.)
Current account balance 2024:
-$13.749 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$193.49 billion
Debt - external 2023:
$90.003 billion (2023 est.)
Note:
<strong>note:</strong> present value of external debt in current US dollars
Exchange rates
Currency:
hryvnia (UAH) per US dollar -
Exchange rates 2020:
26.958 (2020 est.)
Exchange rates 2021:
27.286 (2021 est.)
Exchange rates 2022:
32.342 (2022 est.)
Exchange rates 2023:
36.574 (2023 est.)
Exchange rates 2024:
40.152 (2024 est.)
Exports
$56.1 billion
Exports 2022:
$57.517 billion (2022 est.)
Exports 2023:
$51.28 billion (2023 est.)
Exports 2024:
$56.114 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
corn, seed oils, wheat, iron ore, soybeans (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Poland 12%, Romania 9%, Turkey 7%, China 6%, Spain 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$4.02 billion
GDP - composition, by end use
Exports of goods and services:
29.4% (2024 est.)
Government consumption:
37.9% (2024 est.)
Household consumption:
62.4% (2024 est.)
Imports of goods and services:
-48.3% (2024 est.)
Investment in fixed capital:
18.9% (2024 est.)
Investment in inventories:
-0.3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
7.1% (2024 est.)
Industry:
19% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
60.6% (2024 est.)
GDP (official exchange rate)
$190.741 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$5,389
Gini Index coefficient - distribution of family income
26.6 (2019)
Gini Index coefficient - distribution of family income 2020:
25.6 (2020 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$190.82 billion
GNI per capita
$5,210
Gross domestic investment
19 % of GDP
Household income or consumption by percentage share
Highest 10%:
21.7% (2020 est.)
Lowest 10%:
4.3% (2020 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$92.21 billion
Imports 2022:
$83.254 billion (2022 est.)
Imports 2023:
$89.159 billion (2023 est.)
Imports 2024:
$92.025 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, cars, natural gas, packaged medicine, plastic products (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 16%, Poland 14%, Germany 8%, Turkey 6%, USA 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
4.1% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
industrial machinery, ferrous and nonferrous metals, automotive and aircraft components, electronics, chemicals, textiles, mining, construction
Inflation rate (consumer prices)
6.5%
Inflation rate (consumer prices) 2022:
20.2% (2022 est.)
Inflation rate (consumer prices) 2023:
12.8% (2023 est.)
Inflation rate (consumer prices) 2024:
6.5% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
20.539 million (2021 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
20.54 million persons
Labor force - by occupation
agriculture:
14.12%
industry:
25.22%
services:
60.67%
Population below poverty line
1.6% (2020 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2020:
58.7% of GDP (2020 est.)
Real GDP (purchasing power parity)
$656.53 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$531.796 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$561.23 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$577.583 billion (2024 est.)
Real GDP growth rate
2.91%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
-28.8% (2022 est.)
Real GDP growth rate 2023:
5.5% (2023 est.)
Real GDP growth rate 2024:
2.9% (2024 est.)
Real GDP per capita
$18,550
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$13,800 (2022 est.)
Real GDP per capita 2023:
$15,900 (2023 est.)
Real GDP per capita 2024:
$16,300 (2024 est.)
Remittances
$12 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
10.4% of GDP (2022 est.)
Remittances 2023:
8.3% of GDP (2023 est.)
Remittances 2024:
6.3% of GDP (2024 est.)
Reserves of foreign exchange and gold
$43.78 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$28.506 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$40.51 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$43.781 billion (2024 est.)
Revenue (excl grants)
34 % of GDP
Tax revenue
21 % of GDP
Taxes and other revenues
17.5% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
9.83%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2019:
8.2% (2019 est.)
Unemployment rate 2020:
9.5% (2020 est.)
Unemployment rate 2021:
9.9% (2021 est.)
Youth unemployment rate (ages 15-24)
Female:
20.4% (2021 est.)
Male:
18.1% (2021 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
19.1% (2021 est.)
Economic Rankings
External Debt
#10
Inflation Rate
#29
Unemployment Rate
#44
GDP (PPP)
#45
Reserves
#48
Imports
#50
GDP (Nominal)
#56
Exports
#64
GDP Growth Rate
#76
GDP per Capita
#97
Gini Index
#165
Quick Facts
Industries
industrial machinery, ferrous and nonferrous metals, automotive and aircraft components, electronics, chemicals, textiles, mining, construction
Agricultural products
maize, wheat, potatoes, sugar beets, sunflower seeds, milk, barley, soybeans, rapeseed, tomatoes (2023)
Labor force
20.539 million (2021 est.)
Exports - partners
Poland 12%, Romania 9%, Turkey 7%, China 6%, Spain 6% (2023)
Imports - partners
China 16%, Poland 14%, Germany 8%, Turkey 6%, USA 4% (2023)
Exchange rates
hryvnia (UAH) per US dollar -
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