Ukraine’s GDP in Q3 increased by 0.6% against Q2

According to the preliminary statistics of the State Statistics Service, Ukraine’s GDP in Q3 2019 increased by 0.6% against Q2 (after seasonal adjustment) and by 4.1% against Q3 2018.

Nominal GDP amounted to ₴1,105.5 billion, ₴26,300 or $1,125 per capita.

The State Statistics Service will present the updated data in March 2020.

The economic growth rate was higher in Q2, 4.6%, and lower in Q1, 2.5%.

As reported earlier, according to the National Bank of Ukraine (NBU), Ukraine’s GDP in Q3 2019 was up by 3.5% compared to the first nine months of the previous year. The NBU anticipates a 3.3% increase in Q4.

Alfa-Bank experts expected a decline in Ukraine’s GDP growth in Q3 2019, down to 3.4–3.5%.

Finally, Fitch Ratings predicted Ukraine’s GDP growth in 2019 YoY of around 3.4% after 4.5% in Q2.

According to GMK Center, the share of steelmaking, including related industries, in Ukraine’s GDP reached 12% in 2019. The industry holds the share of about 28% in the total currency inflow to Ukraine.

  • State

Ukraine’s trade turnover amounted to $38.1 billion in January-April

Ukraine's trade turnover in January-April 2024 amounted to $38.1 billion. This is evidenced by the…

Friday May 9, 2025
  • State

Ukrcement urges authorities to appeal to the EU to postpone CBAM

Ukrcement, the Association of Cement Producers of Ukraine, is calling on the Cabinet of Ministers…

Friday May 9, 2025
  • Global Market

European Commission starts consultations on possible response to US tariffs

The European Commission has launched a public consultation on a list of imports from the…

Friday May 9, 2025
  • Industry

Ukraine increased rolled steel production by 14.2% m/m in April

In April 2025, Ukrainian metallurgical enterprises increased production of commercial rolled metal products by 14.2%…

Friday May 9, 2025
  • Global Market

Latin American steelmakers call for coordinated trade defense

The Latin American steel industry is calling for coordinated action on trade defenses against steel…

Friday May 9, 2025
  • Companies

Tosyalı abandons the acquisition of Liberty Steel in Luxembourg

Employees of the Liberty Steel plant in Dudelange, Luxembourg, are once again in limbo as…

Friday May 9, 2025