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Ukraine GDP Annual Growth Rate

Ukraine's GDP annual growth rate fell to 2.91% in 2024, down from 5.53% in 2023, according to World Bank. This represents a decrease of 2.62% from the previous year. Ukraine has GDP annual growth rate lower than the global median (2.91% vs median 3.24%). Compared with the median in Europe, Ukraine is higher (2.91% vs regional median 2.10%) and ranks 17th out of 47 countries in Europe.

Ukraine's real GDP rose to $78.54 billion in 2024, up from $76.31 billion in 2023.

Yearly Historical Data (1988-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 2.91%
2023 5.53%
2022 -28.76%
2021 3.45%
2020 -3.75%
2019 3.2%
2018 3.49%
2017 2.36%
2016 2.44%
2015 -9.77%
2014 -10.08%
2013 0.05%
2012 0.15%
2011 5.45%
2010 4.09%
2009 -15.14%
2008 2.24%
2007 8.22%
2006 7.57%
2005 3.07%
2004 11.8%
2003 9.52%
2002 5.34%
2001 8.8%
2000 5.9%
1999 -0.2%
1998 -1.9%
1997 -3%
1996 -10%
1995 -12.2%
1994 -22.9%
1993 -14.2%
1992 -9.9%
1991 -8.7%
1990 -6.35%
1989 3.87%
1988 2.57%
Ukraine GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Ukraine's total economic output.
Indicator Last Value Prior Value Period
GDP $190.74B $181.22B 2024
GDP Growth Rate (QoQ) 0.2% 1.2% Jun'24
GDP Growth Rate (YoY) 0.9% -0.1% Mar'25
GDP per Capita $2,219.04 $2,164.26 2024
GDP per Capita PPP $16,319.84 $15,916.96 2024
R&D Expenditure (% GDP) 0.33% 0.33% 2023
Real GDP $78.54B $76.31B 2024