GDP decreases by 1.3 per cent in first quarter

Ukraine's GDP in the first quarter of 2020 decreased by 1.3% compared to the corresponding period last year.

"GDP in the first quarter of 2020 decreased by 0.7% compared to the previous quarter (seasonally adjusted) and by 1.3% compared to the first quarter of 2019," the State Statistics Service of Ukraine informs.

At the same time, the nominal GDP totaled UAH 845.8 billion, and the GDP per capita was UAH 20,203.

GDP data for the first quarter of 2020 are preliminary, the State Statistics Service of Ukraine said. Revised GDP data for the first quarter of 2020 will be published in March 2021, and the final data – in March 2022.

As reported, according to the estimates of the Ministry of Economic Development, Trade and Agriculture of Ukraine published in early May, the reduction in GDP in January-March 2020 was 1.2%.

In June, the International Monetary Fund downgraded the April forecast of Ukraine's GDP decline in 2020 from -7.7% to -8.2%.

Ukrinform.net