Ukraine’s GDP in Q3 increased by 0.6% against Q2

According to the preliminary statistics of the State Statistics Service, Ukraine’s GDP in Q3 2019 increased by 0.6% against Q2 (after seasonal adjustment) and by 4.1% against Q3 2018.

Nominal GDP amounted to ₴1,105.5 billion, ₴26,300 or $1,125 per capita.

The State Statistics Service will present the updated data in March 2020.

The economic growth rate was higher in Q2, 4.6%, and lower in Q1, 2.5%.

As reported earlier, according to the National Bank of Ukraine (NBU), Ukraine’s GDP in Q3 2019 was up by 3.5% compared to the first nine months of the previous year. The NBU anticipates a 3.3% increase in Q4.

Alfa-Bank experts expected a decline in Ukraine’s GDP growth in Q3 2019, down to 3.4–3.5%.

Finally, Fitch Ratings predicted Ukraine’s GDP growth in 2019 YoY of around 3.4% after 4.5% in Q2.

According to GMK Center, the share of steelmaking, including related industries, in Ukraine’s GDP reached 12% in 2019. The industry holds the share of about 28% in the total currency inflow to Ukraine.