Ukraine’s GDP decline slows down to 30.8% in 3rd quarter

Ukraine’s GDP decline slows down to 30.8% in 3rd quarter

Ukrinform
Ukraine’s real GDP in the 3rd quarter of this year decreased by 30.8% compared to the third quarter of 2021 and increased by 9% compared to the 2nd quarter of 2022.

"An operational assessment of GDP for the 3rd quarter of 2022 was carried out. The real GDP in the 3rd quarter of 2022 grew by 9.0% compared to the previous quarter (given the seasonal factor) and decreased by 30.8% compared to the 3rd quarter of 2021," the State Statistics Service of Ukraine informs.

As reported, according to the State Statistics Service data, the GDP drop in the 2nd quarter of 2022 was 37.2% compared to the 2nd quarter of the previous year, which is less than the previous estimates of the Ministry of Economy (40.6%).

According to the December estimate of the Ministry of Economy, the GDP will decline by 33.2% by the end of 2022 but the economy will grow by 3.2%next year.

ol

While citing and using any materials on the Internet, links to the website ukrinform.net 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 ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-