Ukraine's GDP fell by 0.7% in Q4 2020 – State Statistics Service

Ukraine's GDP fell by 0.7% in Q4 2020 – State Statistics Service

Ukrinform
Ukraine's gross domestic product (GDP) decreased by 0.7% in the fourth quarter of 2020 compared to the fourth quarter of 2019, the State Statistics Service has reported.

The country's GDP increased by 0.8% in the fourth quarter of 2020 compared to the previous quarter (taking into account the seasonal factor) and decreased by 0.7% compared to the fourth quarter of 2019.

According to the Ministry of Economic Development, Trade and Agriculture of Ukraine, the fall in GDP in 2020 was 4.2%. Ukraine's GDP declined by 1.3% in the first quarter of 2020 year-on-year, by 11.4% in the second quarter, and by 3.5% in the third quarter.

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