Ukrainian economy lost 20.4% of GDP due to war in Donbas last year

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The economy of Ukraine lost 20.4% of GDP as a result of the war in Donbas in 2016.

This is stated in the Global Peace Index report, published by the Institute for Economics and Peace in Sydney, Australia.

According to the Institute, Ukraine lost 20.4% of GDP or USD 66.7 billion in purchasing power as a result of military hostilities in Donbas last year.

Thus, Ukraine ranks 19th in economic losses as a result of the armed conflicts. Syria suffered the greatest losses from the war. Switzerland takes the last place. Russia ranks 31st.

In addition, Ukraine took 154th place in the peacefulness ranking. Ukraine went up by two points but still remained among the low peace countries, including the Central African Republic, the Democratic Republic of the Congo, Pakistan, North Korea and Russia. Iceland was recognized to be the most peaceful country in the world.

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