Ukraine's GDP fell 29.1% in 2022 - State Statistics Service

MOSCOW. April 13 (Interfax) - Ukraine's real gross domestic product fell 29.1% in 2022, after increasing by 3.4% in 2021, Ukraine media quoted the State Statistics Service as saying.

GDP in nominal terms was UAH 5.191 trillion or markedly higher than most analysts predicted.

The GDP deflator for 2022 was 34.3%, of which 36.5% in Q4, 38.1% in Q3, 37.7% in Q2 and 25.5% in Q1.

Ukraine's real gross domestic product fell 31.4% year-on-year in Q4, 30.6% in Q3, 36.9% in Q2 and 14.9% in Q1 2022, the State Statistics Service has been quoted as saying.

The Economy Ministry at the beginning of January estimated that real GDP had fallen 30.4% in 2022 and. The National Bank estimated the decline at 30.3%.

GDP grew 3.4% in 2021 after falling 3.8% in 2020. Nominal GDP was UAH 5.451 trillion or around $200 billion.