Page 14 - UKRRptSept18

3.0 Macro Economy
Main Macro indicators
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018F
Business cycle indicators
Real GDP, chg yoy
2.30%
-14.80%
4.10%
5.20%
0.20%
0.00%
-6.60%
-9.80%
2.30%
2.50%
3.40%
Household consumption, chg yoy
11.80%
-14.90%
7.10%
15.70%
8.40%
6.90%
-8.30%
-20.70%
1.80%
7.80%
6.10%
Investments in fixed capital, chg yoy
1.60%
-50.50%
3.90%
7.10%
5.00%
-6.70%
-24.00%
-9.20%
20.10%
18.20%
12.00%
Industrial output, chg yoy
-5.20%
-21.90%
11.20%
8.00%
-0.70%
-4.30%
-10.10%
-13.00%
2.80%
0.40%
3.50%
Nominal GDP, UAH bln
948
913
1,079
1,300
1,405
1,465
1,587
1,989
2,383
2 983
3516
Nominal GDP, USD bln
180
117
136
163
176
183
134
91
93
112
131
GDP per capita, USD
3,891
2,550
2,972
3,580
3,865
4,030
3,117
2,134
2,193
2 638
3086
CPI (eop)
22.30%
12.30%
9.10%
4.60%
-0.20%
0.50%
24.90%
43.30%
12.40%
13.70%
8.90%
CPI average
25.20%
15.90%
9.40%
8.00%
0.60%
-0.30%
12.10%
48.70%
13.90%
14.40%
11.90%
Unemployment (ILO methodology, avg)
6.90%
9.60%
8.90%
8.70%
8.20%
7.80%
9.70%
9.50%
9.70%
9.50%
8.80%
Source: SP Advisors
3.1 Macroeconomic overview
Ukraine's GDP grew by 3.6% year-on-year in April-June , following a 3.1% y/y growth in January-March , the Ukrstat state statistics service reported on August 14.
The country's economic growth both in the first and the second quarters of 2017 taking into account the seasonal factor stood at 0.9% y/y.
"The economy of Ukraine has been growing for 10 consecutive quarters," Interfax news agency quoted Ukrstat's statement released the same day. "An increase in commodity exports has become one of the factors of growth. In the first half of the year, this indicator grew by 12.7% y/y."
The National Bank of Ukraine (NBU) has revised the nation's 2019 GDP growth forecast to 2.5% year-on-year (vs 2.9% y/y in the previous forecast), the regulator said in a statement published on July 10.
According to Ukrstat state statistics service, the country’s real GDP rose by 3.1% y/y in January-March , or 0.9% quarter-on-quarter on a seasonally adjusted basis.
14 UKRAINE Country Report September 2018 www.intellinews.com