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Ukraine GDP Growth Rate (YoY)

Ukraine's GDP contracted by 0.1% in Q4 2024 due to drought affecting agriculture and Russian attacks impacting industry and demand. GDP then grew by 0.9% in Q1 2025, supported by public spending and investment. This growth was limited by a 17.8% drop in exports mainly due to reduced agricultural shipments amid geopolitical uncertainty. Ukraine's record low GDP Growth Rate (YoY) was -36.6% in Q2 2022 and record high was 19.3% in Q2 2023.

Quarterly Historical Data (2015-2025)

(in %)
Quarter GDP Growth Rate (YoY)
Q1 2025 0.9%
Q4 2024 -0.1%
Q3 2024 2.2%
Q2 2024 4%
Q1 2024 6.8%
Q4 2023 4.7%
Q3 2023 9.7%
Q2 2023 19.3%
Q1 2023 -10.2%
Q4 2022 -30.6%
Q3 2022 -30.8%
Q2 2022 -36.6%
Q1 2022 -14.6%
Q4 2021 6.3%
Q3 2021 2.8%
Q2 2021 6%
Q1 2021 -2.2%
Q4 2020 -0.1%
Q3 2020 -3.3%
Q2 2020 -11%
Q1 2020 -0.9%
Q4 2019 1.3%
Q3 2019 3.8%
Q2 2019 4.8%
Q1 2019 3.1%
Q4 2018 3.7%
Q3 2018 2.7%
Q2 2018 4%
Q1 2018 3.7%
Q4 2017 2.2%
Q3 2017 2.3%
Q2 2017 2.5%
Q1 2017 2.5%
Q4 2016 4.5%
Q3 2016 2.6%
Q2 2016 1.8%
Q1 2016 0.3%
Q4 2015 -2.4%
Q3 2015 -7%
Q2 2015 -14.5%
Ukraine GDP Growth Rate (YoY) : Definition
Ukraine's year-on-year quarterly GDP growth rate shows the percentage change in total economic output versus the same quarter last year. Calculation compares current quarter GDP to prior year's same quarter GDP. GDP sums consumption, investment, government spending and net exports.
Indicator Last Value Prior Value Period
GDP $190.74B $181.22B 2024
GDP Annual Growth Rate 2.91% 5.53% 2024
GDP Growth Rate (QoQ) 0.2% 1.2% Jun'24
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