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Ukraine's economy grew by 5.3% in 2023 after a recession a year earlier

Ukraine's economy grew by 5.3% in 2023 after a recession a year earlier

Kyiv • UNN

Mar 28 2024, 04:36 PM • 24913 views

In 2023, Ukraine's economy resumed growth - by 5.3% - after falling by 30.4% in 2022 amid the Russian invasion.

Ukraine's economy grew by 5.3% in 2023 year-on-year after a recession a year earlier and despite Russia's war against Ukraine. This is evidenced by the data of the State Statistics Service of Ukraine, UNN reports.

Details

According to the State Statistics Service, real GDP increased by 5.3% in 2023 compared to 2022.

Nominal GDP amounted to UAH 6,537.8 billion, according to the State Statistics Service.

Addendum

Ukraine's GDP decline in 2022 was estimated by the Ministry of Economy at 30.4%. The State Statistics Service estimated the drop in GDP in 2022 at the level of 28.8%.

Julia Shramko