State Statistics Service: Real GDP fell by 31.4% in 4th quarter

State Statistics Service: Real GDP fell by 31.4% in 4th quarter

Ukraine’s real GDP in the fourth quarter of 2022 fell by 31.4% compared to the same period in 2021.

"In the 4th quarter of 2022, real GDP decreased by 4.7% compared to the previous quarter (taking into account the seasonal factor) and by 31.4% compared to the 4th quarter of 2021," the State Statistics Service of Ukraine reports.

The State Statistics Service notes that following the third quarter of 2022, the decline in GDP reached 30.8%, the second – 37.2%, compared to the corresponding periods in 2021.

As reported, according to the estimates of the Ministry of Economy of Ukraine, the fall in GDP in February 2023 is 26% (±2%), in January – 32% (±2%). According to preliminary data, the Ministry of Economy estimated the decline in Ukraine’s GDP for 2022 at the level of 30.4% (±2%).

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