ВВП Украины
Ukraine’s seasonally adjusted real gross domestic product (GDP) increased by 1.2% in January-March 2024 compared to the previous quarter. This is evidenced by preliminary data from the State Statistics Service.
Compared to the first quarter of 2023, Ukraine’s economy grew by 6.5% in January-March this year. The GDP growth rate accelerated for the first time since the second quarter of 2023. Then the indicator increased by 19.2% y/y, in the third quarter – by 9.6% y/y, and in the fourth quarter – by 4.7% y/y.
The Ministry of Economy estimated Ukraine’s GDP growth in the first quarter of this year at 4.5% (+/-1%) compared to the same period in 2023. In March, growth accelerated to 4.6% y/y (+/-1%) from 3.9% (+/-1%) in February and 3.5% (+/-1%) in January 2024.
In 2023, according to the State Statistics Service, Ukraine’s real GDP grew by 5.3% compared to the previous year, when the decline was 28.8% y/y. The National Bank of Ukraine estimated the country’s economic growth in 2023 at 5.7% y/y. At the same time, the NBU expects Ukraine’s GDP to grow by 3.6% in 2024 and by 5.8% y/y – in 2025.
Iron and steel production in Ukraine in 2023 was 71% lower than in 2021. Nevertheless, the steel sector remains the backbone of the Ukrainian economy, contributing 5.7% to GDP in 2023, including supply chains. Before the war, the metals sector contributed 10.3% to Ukraine’s GDP.
The steel sector of Ukraine accounted for every third dollar of merchandise exports before the war. In 2023, the share of metallurgy in exports was 14.6%.
Tenaris has announced the start of construction of its second wind farm in Argentina, La…
As part of the Steel Front initiative, Metinvest Group has manufactured and installed special protective…
Italian steel company Arvedi Group has raised €900 million in financing to implement a large-scale…
Domestic demand for steel in China, according to market participants' estimates, continued to fall in…
The index of construction work performed in Ukraine in January-April 2025 decreased by 13% compared…
In May 2025, Chinese steel enterprises belonging to the CISA industry association increased their total…