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Ukraine’s economy declined by 0.8% against the previous quarter

The State Statistics Service of Ukraine estimates an increase in Ukraine’s real GDP in Q2 2021 at 5.4%, compared to the same period of 2020, as reported on the agency’s website.

Ukraine’s GDP contracted by 0.8% against the previous quarter (after seasonal adjustment).

As GMK Center reported earlier, in 2020, the State Statistics Service estimated a fall in Ukraine’s real GDP at 4%, compared to the previous year. Q4 2020 demonstrated a 0.7% contraction in Ukraine’s GDP against Q4 2019.