Economy Of Ukraine

• The economy of Ukraine is an 

emerging free market economy.

 is a system in which the prices

 for goods and services are self-
A developing business sector is a nation that regulated by the open market and
has a few attributes of a created market by consumers. 
however doesn't fulfill criteria to be named a
created market. This incorporates nations
that may become developed later on or were
previously
 Resources
Favorable climatic conditions and soils of Ukraine provide
relatively high yields.

The fuel and energy complex of Ukraine only partially meets

the country’s needs.

The main sub-sectors of light industry are the textile

industry, the garment industry, the leather and fur
industries. Enterprises of the food industry are located
everywhere.

Small oil and natural gas deposits are located in the

Carpathian region and in the north-east of the country.

The main export goods are the products of agriculture (31.1%), metallurgy (24.8%),
machine building (12.1%), raw minerals (8.1%), food products (6.5%), chemical products
(5.6%), timber and wood products (2.9%).
0
-300 -867 -983 -16 -863 -654 -621 -545 -1,096 -1,190 -936 -1,200
-600
-900
-1200
-1500 Ukraine Balance of Trade
jan 2019 April 2019 Jul 2019
 The jobless rate in Ukraine decreased to 7.8 percent in the second quarter
of 2019 from 8.3 percent in the same period a year earlier and compared
with 9.2 percent in the previous three-month period. It was the lowest
unemployment rate since the last quarter of 2013.

11
10.1 9.9
9.7 9.7
9.1 9.3 9.2
8.9
8 8.3 8 7.8

0
Jan 2... Jul ... Нов Jan ... Нов Jul ... Нов Jan ... Нов Jul ...
 The top individual income tax rate is 20 percent,
and the top corporate tax rate is 18 percent. Other
taxes include value-added and property taxes. The
overall tax burden equals 33.1 percent of total
domestic income. Over the past three years,
government spending has amounted to 42.1
percent of the country’s output (GDP), and budget
deficits have averaged 1.9 percent of GDP. Public
debt is equivalent to 75.6 percent of GDP.

Government building in Kiev

 Core consumer prices in Ukraine increased 5.80 percent in October of 2019
over the same month in the previous year. Core Inflation Rate in Ukraine
averaged 10.60 percent from 2010 until 2019, reaching an all time high of
47.10 percent in April of 2015 and a record low of 0 percent in February of
2014

11.25

9
9 9 8
6.75
8 8 7 7 7 7 7
7
6
4.5

2.25

0
Jan Apr ... Jul ... oct ...
Growth is seen broadly steady next year, supported by solid fixed
investment thanks to
• efforts to attract FDI
• improve the business climate.

In addition, household spending is seen remaining healthy

thanks to a
• tightening labor market
• receding inflation.

Risks to the outlook stem from backtracking or slow reform

momentum, which could hurt recovering confidence.
FocusEconomics panelists see GDP growth of 3.2% in 2020,
which is up 0.1 percentage points from last month’s forecast. In
2021, growth is seen edging up to 3.3%