The State Statistics Service upgrades its estimate of Ukraine’s GDP growth in Q2 to 5.7%

The State Statistics Service of Ukraine estimated a 5.7% growth in Ukraine’s real GDP in Q2 2020 y-o-y. At the same time, in the August preliminary review, the economic growth was estimated at the level of 5.4%, according to the State Statistics Service’s website.

According to these data, the nominal GDP for the quarter amounted to UAH 1.17 trillion.

Ukraine’s GDP contracted by 0.7% against Q1 2021 (after seasonal adjustment), though a preliminary estimate was -0.8%.

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.

Share
Published by
Vadim Kolisnichenko
Tags: State Statistics Service Ukraine’s GDP macroeconomics
  • Industry

Ukraine reduced rolled steel production by 11.8% y/y in May

In May 2025, Ukrainian steel enterprises reduced production of commercial rolled steel by 4% compared…

Friday June 6, 2025
  • Global Market

World scrap prices continue to stagnate in early June

At the beginning of June 2025, the global scrap market demonstrates overwhelming price stability after…

Friday June 6, 2025
  • Companies

Rio Tinto and Baowu officially open Western Rang mine

The Australian-British mining group Rio Tinto has announced the official opening of its new Western…

Friday June 6, 2025

US CBAM could generate up to $200 billion in revenue within five years – study

The U.S. mechanism for cross-border carbon adjustment could raise up to $200 billion over five…

Friday June 6, 2025
  • Global Market

EU steel imports down 9% y/y in Q1 – EUROFER

In the first quarter of 2025, steel imports to the European Union declined slightly, but…

Friday June 6, 2025
  • Companies

Cleveland-Cliffs cancels hydrogen-based steel project in Ohio

American steelmaker Cleveland-Cliffs has officially canceled its hydrogen-based steel project in Middletown, Ohio. This is…

Friday June 6, 2025