Economy
Ukraine
Budget
revenues
$86.185 billion (2023 est.)
expenditures
$121.657 billion (2023 est.)
Exports
Exports 2022
$57.517 billion (2022 est.)
Exports 2023
$51.28 billion (2023 est.)
Exports 2024
$56.114 billion (2024 est.)
Imports
Imports 2022
$83.254 billion (2022 est.)
Imports 2023
$89.159 billion (2023 est.)
Imports 2024
$92.025 billion (2024 est.)
Industries
industrial machinery, ferrous and nonferrous metals, automotive and aircraft components, electronics, chemicals, textiles, mining, construction
Labor force
20.539 million (2021 est.)
Public debt
Public debt 2020
58.7% of GDP (2020 est.)
Remittances
Remittances 2022
10.4% of GDP (2022 est.)
Remittances 2023
8.3% of GDP (2023 est.)
Remittances 2024
6.3% of GDP (2024 est.)
Exchange rates
Currency
hryvnia (UAH) per US dollar -
Exchange rates 2020
26.958 (2020 est.)
Exchange rates 2021
27.286 (2021 est.)
Exchange rates 2022
32.342 (2022 est.)
Exchange rates 2023
36.574 (2023 est.)
Exchange rates 2024
40.152 (2024 est.)
Debt - external
Debt - external 2023
$90.003 billion (2023 est.)
Economic overview
lower-middle-income, non-EU Eastern European economy; significant exporter of wheat and corn; gradual recovery following a 30% GDP decline at the onset of the war; damage to infrastructure and agriculture offset by consumer and business resilience in western Ukraine; international assistance has stabilized foreign exchange reserves, enabling a managed currency float; ongoing advancements in anti-corruption reforms
Unemployment rate
Unemployment rate 2019
8.2% (2019 est.)
Unemployment rate 2020
9.5% (2020 est.)
Unemployment rate 2021
9.9% (2021 est.)
Exports - partners
Poland 12%, Romania 9%, Turkey 7%, China 6%, Spain 6% (2023)
Imports - partners
China 16%, Poland 14%, Germany 8%, Turkey 6%, USA 4% (2023)
Real GDP per capita
Real GDP per capita 2022
$13,800 (2022 est.)
Real GDP per capita 2023
$15,900 (2023 est.)
Real GDP per capita 2024
$16,300 (2024 est.)
Real GDP growth rate
Real GDP growth rate 2022
-28.8% (2022 est.)
Real GDP growth rate 2023
5.5% (2023 est.)
Real GDP growth rate 2024
2.9% (2024 est.)
Agricultural products
maize, wheat, potatoes, sugar beets, sunflower seeds, milk, barley, soybeans, rapeseed, tomatoes (2023)
Exports - commodities
corn, seed oils, wheat, iron ore, soybeans (2023)
Imports - commodities
refined petroleum, cars, natural gas, packaged medicine, plastic products (2023)
Current account balance
Current account balance 2022
$7.976 billion (2022 est.)
Current account balance 2023
-$9.564 billion (2023 est.)
Current account balance 2024
-$13.749 billion (2024 est.)
Taxes and other revenues
17.5% (of GDP) (2023 est.)
GDP (official exchange rate)
$190.741 billion (2024 est.)
GDP - composition, by end use
household consumption
62.4% (2024 est.)
government consumption
37.9% (2024 est.)
investment in inventories
-0.3% (2024 est.)
investment in fixed capital
18.9% (2024 est.)
exports of goods and services
29.4% (2024 est.)
imports of goods and services
-48.3% (2024 est.)
Population below poverty line
1.6% (2020 est.)
Average household expenditures
on food
41.7% of household expenditures (2023 est.)
on alcohol and tobacco
6.9% of household expenditures (2023 est.)
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2022
20.2% (2022 est.)
Inflation rate (consumer prices) 2023
12.8% (2023 est.)
Inflation rate (consumer prices) 2024
6.5% (2024 est.)
Industrial production growth rate
4.1% (2024 est.)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2022
$531.796 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$561.23 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$577.583 billion (2024 est.)
Youth unemployment rate (ages 15-24)
male
18.1% (2021 est.)
total
19.1% (2021 est.)
female
20.4% (2021 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2022
$28.506 billion (2022 est.)
Reserves of foreign exchange and gold 2023
$40.51 billion (2023 est.)
Reserves of foreign exchange and gold 2024
$43.781 billion (2024 est.)
GDP - composition, by sector of origin
industry
19% (2024 est.)
services
60.6% (2024 est.)
agriculture
7.1% (2024 est.)
Household income or consumption by percentage share
lowest 10%
4.3% (2020 est.)
highest 10%
21.7% (2020 est.)
Gini Index coefficient - distribution of family income
Gini Index coefficient - distribution of family income 2020
25.6 (2020 est.)