Ukraine: Economy
Due to the ongoing political unrest and current military action by Russia, the information on these pages may not reflect current conditions in the country.
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
In Transition |
| Economic Trivia | Ukraine depends on imports to meet about three-fourths of its annual oil and natural gas requirements and 100% of its nuclear fuel needs. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, Poland, and Russia |
| Top Industries Source: CIA World Factbook | Coal; Electric Power; Ferrous and Nonferrous Metals; Machinery and Transport Equipment |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $448,561,858,878 (2022) |
| GDP Growth Rate (annual %) | -29.1% (2022) |
| GDP Per Capita, PPP (current international) | $12,671 (2022) |
GDP Country Rank 51/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 20.184% (2022) |
| External debt stocks, total (DOD, current US$) | $135,643,332,361 (2021) |
| Total tax rate (% of commercial profits) | 45.2% (2019) |
| Real Interest Rate (5 year average %) | -11.697% (2022) |
| Manufacturing, value added (% of GDP) | 7.577% (2022) |
| Current Account Balance (BoP, current US$) | $8,005,000,000 (2022) |
Labor and Employment [1]
| Labor Force, Total | 20,285,701 (2021) |
| Employment in Agriculture (% of total employment) | 14.666% (2021) |
| Employment in Industry (% of total employment) | 24.46% (2021) |
| Employment in Services (% of total employment) | 60.874% (2021) |
| Unemployment Rate | 9.83% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $83,863,079,182 (2022) |
| Exports of goods and services (current US$) | $56,908,844,113 (2022) |
| Total Merchandise Trade (% of GDP) | 63.502% (2022) |
| FDI, net inflows (BoP, current US$) | $538,000,000 (2022) |
| Commercial Service Exports (current US$) | $15,626,000,000 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Ukraine’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.