18:55 18.09.2018

Statistics Service improves Ukraine's GDP growth in Q2, 2018 to 3.8%

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Statistics Service improves Ukraine's GDP growth in Q2, 2018 to 3.8%

The growth of Ukraine's gross domestic product (GDP) in April-June 2018 was 3.8% compared to the same period in 2017, whereas according to the preliminary assessment of the State Statistics Service, published in mid-August, this indicator was 3.6%.

The department said in relation to the previous quarter, the economy of the country in the second quarter of this year (taking into account the seasonal factor) grow by 1%.

According to the service, nominal GDP for the second quarter of 2018 was UAH 807.3 billion, the deflator's change was 17%. In the second quarter of 2017, these figures were equal to UAH 664.76 billion and 20.9% respectively.

GDP per capita, according to statistics data, in April-June this year rose to UAH 19,074, in real terms by 4.3% compared to April-June last year.

According to the report, the share of final consumer spending increased to 91.5% from 90% a year ago, while that of gross savings decreased to 14.6% from 15.3%, and the deficit of exports and imports of goods and services increased to 6.1% from 5.3%.

The National Bank of Ukraine in July estimated GDP growth in the second quarter at 3.2%.

The central bank forecasts acceleration of the country's economic growth this year to 3.4% from 2.5% in the past year. At the same time, the NBU expects the slowdown in growth in 2019 to 2.5%, followed by acceleration to 2.9% in 2020.

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