Ukraine’s GDP slowed down to 1.5% in Q4 2019

This is the lowest GDP growth rate since Q2 2016

According to the State Statistics Service, the growth of real gross domestic product in Ukraine slowed down to 1.5% in Q4 2019 compared to the same period of 2018.

In the earlier quarters of 2019, GDP growth rate was higher: 4.1% in Q3, 4.6% in Q2, 2.5% in Q1. In general, this is the lowest GDP growth rate since Q2 2016.

At the same time, real GDP increased by 0.1% in Q4, after seasonal adjustment, compared to Q3.

As GMK Center reported earlier, Ukraine’s GDP growth rate slowed down to 3.3% in 2019 (from 3.4% in 2018). This was stated in the report of the Ministry for Development of Economy, Trade and Agriculture of Ukraine titled Overview of Economic Activity 2019.

In 2019, industrial production in Ukraine decreased by 1.8% compared to 2018. Importantly, a steady downward trend was recorded from June to December last year.