Ukraine's GDP grows by 5.3% in 2023 - Statistics Service

Ukraine's GDP grows by 5.3% in 2023 - Statistics Service

Ukraine's gross domestic product was up by 5.3% last year after dropping a staggering 28.8% in 2022 against the background of Russia’s full-scale invasion.

This was reported by the State Statistics Service of Ukraine, Ukrinform reports.

"The real GDP in 2023 increased by 5.3% against 2022. The nominal GDP amounted to UAH 6,537.8 billion," the report says.

Read also: PM Shmyhal: Ukraine receives $880M from IMF under EFF Arrangement

According to the State Statistics Service, in the first quarter of 2023, the real GDP decreased by 10.3% the same period in 2022, after which it increased by 19.2% in the second quarter, by 9.6% in the third, and in the fourth it was up by 4.7%.

Earlier, the Prime Minister of Ukraine, Denys Shmyhal, announced during a press conference that by the end of 2023, the GDP indicator in Ukraine increased by 5.6%, and that in 2024, the government expected a 5% rise.

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