MOSCOW (MRC) - Ukraine's real GDP decreased by 4% in 2020, nominal GDP, that is, in actual prices, amounted to UAH 4.194 trillion, Economic Pravda reports, citing data from the State Statistics Service.
GDP per capita is 100.5 thousand hryvnia. Most of all, according to the calculations of the State Statistics Committee, the sphere of temporary accommodation and catering has suffered, which in terms of volume in 2020 decreased by 28.5%. Behind it is the sphere of transport, warehousing, postal and courier activities, which lost 16.4% of the volume.
Some sectors did have the opportunity to increase production. This applies to construction (+ 5.2%), wholesale and retail trade (+ 4.9%) and information and communication (+ 2.3%).
Ukraine's GDP in the fourth quarter of last year amounted to UAH 1,301.5 billion, 0.5% less than in the same period in 2019. Compared to the third quarter of 2020, it increased by 0.8% (seasonally adjusted data).
The Ministry of Economy maintains the forecast for the growth of the Ukrainian economy in 2021 by 4.6% of GDP. According to the calculations of the Ministry of Economy, in January Ukraine's GDP fell by 2.6-2.8%, including due to the January lockdown. The Ministry of Economy predicts that by the end of the first quarter of 2021, the drop in GDP may reach 3%. In 2021, according to the government forecast, GDP will grow by 4.6%. The World Bank expects Ukraine's GDP growth in 2021 at the level of 3%, the October forecasts were half as much - 1.5%.
Earlier it was reported that the international rating agency Fitch Ratings predicts the growth of real gross domestic product (GDP) of Ukraine in 2021 at the level of 4.1%. The economy will almost recover from a 4.2% downturn in 2020. Fitch points out that the second wave of Covid-19 was much more severe than the first, but the death rate is declining and the agency expects economic constraints to remain limited.
MRC