Ministry of Economy: Ukraine’s GDP fell by 0.5% in January

According to the Ministry for Development of Economy, Trade and Agriculture (Ministry of Economy), Ukraine’s GDP fell by 0.5% in January,

reported Interfax-Ukraine.

The composite goods and services production index (CPI) for the major sectors decreased by 2.6%. Since the beginning of the current year, almost all economic activities included in CPI have been showing a decline.

Economist Volodymyr Kompaniiets says that in January, Ukraine’s real GDP showed the first drop in the past 49 months.

As reported earlier, in Q4 2019, Ukraine’s real GDP growth slowed down to 1.5% compared to the same period of the previous year. Real GDP grew by 0.1%.

In 2019, Ukraine’s GDP decreased to 3.3% from 3.4% in 2018. Industrial production in Ukraine decreased by 1.8% compared to 2018.

Share
Published by
Aleksandr
Tags: Ukraine’s GDP macroeconomics Ministry of Economy
  • Global Market

Turkey produced 3.15 million tons of steel in May

In May 2025, Turkish steel enterprises reduced steel production by 4.6% compared to May 2024,…

Wednesday June 25, 2025
  • Global Market

The EU should tighten sanctions on Russian iron and steel products – Metinvest

Europe should tighten sanctions on steel from Russia by shortening the transition period for imports…

Tuesday June 24, 2025
  • Industry

German Finance Minister proposes summit on steel

German Finance Minister Lars Klingbeil has proposed holding a “steel summit” with companies, trade unions,…

Tuesday June 24, 2025
  • Global Market

China quadrupled its exports of semi-finished steel products in January-May

In January-May 2025, China exported 4.71 million tons of semi-finished steel products, which is 4.1…

Tuesday June 24, 2025
  • Global Market

Global steel production fell by 3.8% y/y in May

Global steel production in May 2025 fell by 3.8% compared to the same month in…

Tuesday June 24, 2025
  • Infrastructure

The UK will increase investment in clean energy to over £30 billion per year

The UK government plans to increase current business investment in advanced clean energy industries to…

Tuesday June 24, 2025