Ukraine's gross domestic product (GDP) fell by 7% in Q3 2015 from a year ago, while in Q2 2015 the decline was 14.6%, and in Q1 2014 it was 17.2%.

According to tentative data from the State Statistics Service, in Q3 2015 GDP grew by 0.7% compared to Q2 2015.

As reported, the State Statistics Service in the middle of June reviewed its GDP decline estimates for the first quarter of 2015 to 17.2% from 17.6%. It also reported that economic contraction in the fourth quarter of 2014 was 14.8%, in the third quarter it was 5.4%, in the second quarter it was 4.5%, and in the first quarter it was 1.2%.

The Ukrainian national budget for 2015 was originally based on the best case scenario with the real GDP decline being projected at 5.5% amid 26.7% inflation, and nominal GDP was to grow to UAH 1.85 trillion. However, after the budget was amended by parliament on September 17, the major indicators were changed: real GDP decline was raised to 8.9% amid 45.8% inflation, which allowed for an increase in the estimate of nominal GDP to UAH 1.981 trillion. Later the National Bank of Ukraine (NBU) revised GDP fall downwards to 11.5% for 2015 and the World Bank – to 12%.