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%.
Ukraine GDP from 1992 to 2024
The total market value of goods and services produced annually in Ukraine.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1992 | 0 % | $ 22B 193M | $ 331B 105M | $ 427.86 | $ 6,383.31 | 35.26 % | 51M 870K people | -2.794 % | 0 % |
1993 | -14.2 % | $ 35B 25M | $ 290B 821M | $ 677.26 | $ 5,623.49 | 30.47 % | 51M 715K people | -2.438 % | 0 % |
1994 | -22.9 % | $ 38B 12M | $ 229B 11M | $ 740.97 | $ 4,464.12 | 19.75 % | 51M 300K people | -3.06 % | 0 % |
1995 | -12.2 % | $ 38B 275M | $ 205B 287M | $ 752.34 | $ 4,035.20 | 23.02 % | 50M 874K people | -3.01 % | -3.249 % |
1996 | -10 % | $ 46B 83M | $ 188B 141M | $ 914.35 | $ 3,732.96 | 19.35 % | 50M 400K people | -2.569 % | -1.574 % |
1997 | -3 % | $ 51B 867M | $ 185B 644M | $ 1,037.89 | $ 3,714.85 | 18.42 % | 49M 974K people | -2.574 % | -3.625 % |
1998 | -1.9 % | $ 43B 315M | $ 184B 164M | $ 874.26 | $ 3,717.11 | 17.37 % | 49M 545K people | -2.992 % | -0.409 % |
1999 | -0.2 % | $ 32B 661M | $ 186B 396M | $ 664.99 | $ 3,795.09 | 23.78 % | 49M 115K people | 5.076 % | 7.243 % |
2000 | 5.9 % | $ 32B 331M | $ 201B 865M | $ 664.38 | $ 4,148.17 | 23.64 % | 48M 664K people | 4.581 % | -0.177 % |
2001 | 8.8 % | $ 37B 863M | $ 224B 574M | $ 784.86 | $ 4,655.27 | 25.52 % | 48M 241K people | 3.703 % | -1.035 % |
2002 | 5.3 % | $ 42B 339M | $ 240B 152M | $ 885.32 | $ 5,021.66 | 27.68 % | 47M 823K people | 7.494 % | -0.531 % |
2003 | 9.5 % | $ 50B 96M | $ 268B 156M | $ 1,055.95 | $ 5,652.31 | 27.71 % | 47M 442K people | 5.771 % | 0.097 % |
2004 | 11.8 % | $ 64B 747M | $ 307B 861M | $ 1,374.66 | $ 6,536.26 | 31.77 % | 47M 101K people | 10.671 % | -3.483 % |
2005 | 3.1 % | $ 85B 996M | $ 327B 358M | $ 1,839.52 | $ 7,002.44 | 25.45 % | 46M 749K people | 2.943 % | -1.525 % |
2006 | 7.6 % | $ 107B 767M | $ 363B 100M | $ 2,319.29 | $ 7,814.37 | 23.04 % | 46M 466K people | -1.5 % | -0.733 % |
2007 | 8.2 % | $ 143B 260M | $ 403B 518M | $ 3,101.39 | $ 8,735.62 | 24.10 % | 46M 192K people | -3.68 % | -1.459 % |
2008 | 2.2 % | $ 181B 313M | $ 420B 340M | $ 3,944.72 | $ 9,145.10 | 20.35 % | 45M 963K people | -7.039 % | -2.625 % |
2009 | -15.1 % | $ 117B 79M | $ 359B 70M | $ 2,557.28 | $ 7,842.93 | 15.59 % | 45M 783K people | -1.479 % | -5.104 % |
2010 | 4.1 % | $ 136B 11M | $ 378B 335M | $ 2,982.81 | $ 8,297.14 | 18.65 % | 45M 598K people | -2.219 % | -4.141 % |
2011 | 5.46 % | $ 163B 59M | $ 407B 226M | $ 3,587.41 | $ 8,959.21 | 16.15 % | 45M 453K people | -6.283 % | -0.792 % |