Ukraine/Economy

Economy of Ukraine

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$178.8B(2023)
GDP PPP (USD)
$621.6B(2023)
GDP per Capita (USD)
$5,070(2023)
GDP Growth (inflation-adjusted)
5.3%(2023)
Inflation (CPI Annual %)
6.5%(2024)

Trade & Finance

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Exports (as share of GDP)
28.6%(2023)
Imports (as share of GDP)
49.5%(2023)
FDI Inflows (as share of GDP)
2.6%(2023)
Remittance Inflow (USD)
$15.0B(2023)
Tax Revenue (as share of GDP)
17.7%(2023)

Labor & Income

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Unemployment Rate
9.8%(2021)
Employment in Services
60.7%(2021)
Poverty Rate
1.6%(2020)
GINI Index
25.6(2020)
GNI per Capita (USD)
$4,950(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
1493 kg oil eq.(2022)
Renewable Energy Consumption (%)
8.9%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Ukraine

  • The economic architecture of Ukraine is substantial, anchored by a Gross Domestic Product (GDP) of approximately $178.76B
    2023
    . This places it as the 56th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $5.07K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $621.64B, reflecting the population's domestic purchasing power. The economy is experiencing robust expansion, with a high growth rate of 5.3%
    2023
    , while managing moderate inflation, with a CPI of 6.5%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 28.6% of GDP and imports at 49.5%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 2.56% of the economy
    2023
    . This performance positions the country 72nd globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $14.97B annually
    2023
    , highlighting the economic importance of its diaspora. Fiscal capacity is moderate, with tax revenue at 17.7% of GDP
    2023
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $4,950
    2023
    . Globally, this ranks the nation 110th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The country faces significant labor market challenges, with an unemployment rate of 9.8%
    2021
    . The services sector is a primary driver of the labor market, accounting for 60.7% of total employment
    2021
    . Poverty remains a key issue, with 1.6% of the population living below the national poverty line
    2020
    . The country has a relatively equitable distribution of income, with a Gini index of 25.6
    2020
    .
  • On the environment and energy front, energy consumption per capita is 1,492.97 kg of oil equivalent
    2022
    . The energy mix is still heavily reliant on traditional sources, with renewables contributing 8.9%
    2021
    . Its commitment to clean energy places it 45th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.

Social Equity & Distribution

The benefits of growth appear to be broadly shared, with relatively low poverty and a more equitable income distribution.

Energy & Sustainability

Heavy reliance on fossil fuels creates significant long-term risks related to climate change, price volatility, and energy security.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.