Ukraine’s economy declined by 1.1% against the previous quarter
The State Statistics Service of Ukraine estimated a 2% drop in Ukraine’s real GDP in Q1 2021 compared to the same period of 2020, as reported by the State Statistics Service of Ukraine on its website.
Ukraine’s economy contracted 1.1% against the previous quarter (after seasonal adjustment).
As 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.