Ukraine’s GDP fell by 30.4% in 2022 according to preliminary calculations

05/01/2023

1 minute read

The Ukraine’s GDP fell by 30.4% in 2022, which is slightly better than predicted by previous forecasts, Ukraine’s Ministry of economy said.

“During 2022, the economy of Ukraine suffered the largest losses and damages in the entire history of independence caused by the Russian Federation, scaling up its terror, which began in 2014…” Minister of Economy of Ukraine Yulia Svyrydenko said. “In turn, the successes of the Defense Forces of Ukraine on the battlefield, the coordinated work of the Government and business, the invincible spirit of the population, the speed of restoration of destroyed/damaged critical infrastructure and objects by domestic services, as well as systematic financial support from international partners allowed us to maintain the economic front and continue movement towards victory.“

You could close this page. Or you could join our community and help us produce more materials like this. We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter