Ukraine's GDP will reach record level this year - Zelensky

Ukraine's GDP will reach record level this year - Zelensky

Ukraine's gross domestic product (GDP) in 2021 will exceed $190 billion, which in U.S. dollars is the highest figure since the country gained independence, President Volodymyr Zelensky has said.

He said this in his annual state-of-the-nation address in the Verkhovna Rada on Wednesday, December 1, according to an Ukrinform correspondent.

"In 2021, the size of Ukraine's economy will reach a record level for the first time since independence, exceeding $190 billion. This is more than in pre-crisis years 2008 and 2013," Zelensky said.

He noted that for the first time since 2013, Ukraine's public debt will be less than 50% of GDP. At the same time, in recent years the public debt of most countries has grown rapidly and, on average, exceeds 90% in the world.

"Our gold and foreign exchange reserves have grown and today reach $30 billion, which is the highest figure since 2013," Zelensky said.

Ukraine's gross domestic product in the second quarter of 2021 grew by 5.7% compared to the second quarter of 2020. Ukraine's nominal GDP in 2020 amounted to UAH 4.19 trillion, or 4% less than in 2019. 


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2022 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: