Ukraine GDP Trends from 1992 to 2024: A overall increase with some decline Flow

Ukraine's GDP changed from approximately $22B 193M in 1992 to $188B 943M in 2024, showing an overall 751.4% sharply increased during the period.
The lowest GDP was recorded in 1992 at $22B 193M, and the highest in 2021 at $199B 812M.
Over the 32-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.9%.
For comparison, the average annual growth rate of Russia was 11.1%, and that of Poland was 6.3%.

Overview of Ukraine's GDP (1992–2024)

The Gross Domestic Product (GDP) of Ukraine recorded a 751.4% sharply increased from 1992 to 2024.
The average GDP during this period was $103B 825M, and the median was $107B 767M.
GDP fluctuated within a range of $177B 619M, with a standard deviation of $58B 327M.
The average annual change was $5B 158M.


Ukraine GDP from 1992 to 2024

The total market value of goods and services produced annually in Ukraine.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1992, $22B 193M
    • Highest GDP: 2021, $199B 812M
    • Most Recent GDP: 2024, $188B 943M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2009: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Ukraine's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $154B 9M → $156B 630M
    • Outcome: increased

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $143B 260M → $117B 79M
    • Outcome: sharply declined

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $32B 331M → $37B 863M
    • Outcome: sharply increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $51B 867M → $43B 315M
    • Outcome: sharply declined

    Key Economic Indicators of Ukraine (1992–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1992
    $ 22B 193M
    $ 427.86
    $ 6,383.31
    $ 331B 105M
    0 %
    -2.794 %
    35.26 %
    0 %
    51M 870K people
    1993
    $ 35B 25M
    $ 677.26
    $ 5,623.49
    $ 290B 821M
    -14.2 %
    -2.438 %
    30.47 %
    0 %
    51M 715K people
    1994
    $ 38B 12M
    $ 740.97
    $ 4,464.12
    $ 229B 11M
    -22.9 %
    -3.06 %
    19.75 %
    0 %
    51M 300K people
    1995
    $ 38B 275M
    $ 752.34
    $ 4,035.20
    $ 205B 287M
    -12.2 %
    -3.01 %
    23.02 %
    -3.249 %
    50M 874K people
    1996
    $ 46B 83M
    $ 914.35
    $ 3,732.96
    $ 188B 141M
    -10 %
    -2.569 %
    19.35 %
    -1.574 %
    50M 400K people
    1997
    $ 51B 867M
    $ 1,037.89
    $ 3,714.85
    $ 185B 644M
    -3 %
    -2.574 %
    18.42 %
    -3.625 %
    49M 974K people
    1998
    $ 43B 315M
    $ 874.26
    $ 3,717.11
    $ 184B 164M
    -1.9 %
    -2.992 %
    17.37 %
    -0.409 %
    49M 545K people
    1999
    $ 32B 661M
    $ 664.99
    $ 3,795.09
    $ 186B 396M
    -0.2 %
    5.076 %
    23.78 %
    7.243 %
    49M 115K people
    2000
    $ 32B 331M
    $ 664.38
    $ 4,148.17
    $ 201B 865M
    5.9 %
    4.581 %
    23.64 %
    -0.177 %
    48M 664K people
    2001
    $ 37B 863M
    $ 784.86
    $ 4,655.27
    $ 224B 574M
    8.8 %
    3.703 %
    25.52 %
    -1.035 %
    48M 241K people
    2002
    $ 42B 339M
    $ 885.32
    $ 5,021.66
    $ 240B 152M
    5.3 %
    7.494 %
    27.68 %
    -0.531 %
    47M 823K people
    2003
    $ 50B 96M
    $ 1,055.95
    $ 5,652.31
    $ 268B 156M
    9.5 %
    5.771 %
    27.71 %
    0.097 %
    47M 442K people
    2004
    $ 64B 747M
    $ 1,374.66
    $ 6,536.26
    $ 307B 861M
    11.8 %
    10.671 %
    31.77 %
    -3.483 %
    47M 101K people
    2005
    $ 85B 996M
    $ 1,839.52
    $ 7,002.44
    $ 327B 358M
    3.1 %
    2.943 %
    25.45 %
    -1.525 %
    46M 749K people
    2006
    $ 107B 767M
    $ 2,319.29
    $ 7,814.37
    $ 363B 100M
    7.6 %
    -1.5 %
    23.04 %
    -0.733 %
    46M 466K people
    2007
    $ 143B 260M
    $ 3,101.39
    $ 8,735.62
    $ 403B 518M
    8.2 %
    -3.68 %
    24.10 %
    -1.459 %
    46M 192K people
    2008
    $ 181B 313M
    $ 3,944.72
    $ 9,145.10
    $ 420B 340M
    2.2 %
    -7.039 %
    20.35 %
    -2.625 %
    45M 963K people
    2009
    $ 117B 79M
    $ 2,557.28
    $ 7,842.93
    $ 359B 70M
    -15.1 %
    -1.479 %
    15.59 %
    -5.104 %
    45M 783K people
    2010
    $ 136B 11M
    $ 2,982.81
    $ 8,297.14
    $ 378B 335M
    4.1 %
    -2.219 %
    18.65 %
    -4.141 %
    45M 598K people
    2011
    $ 163B 59M
    $ 3,587.41
    $ 8,959.21
    $ 407B 226M
    5.46 %
    -6.283 %
    16.15 %
    -0.792 %
    45M 453K people