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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
