The SSS improved its estimate of GDP growth of Ukraine in the III quarter of 2016

Госстат улучшил оценку роста ВВП Украины в III квартале 2016 года

GDP growth

Gross domestic product (GDP) in the THIRD quarter of 2016 compared to the previous quarter (adjusted for seasonal factors) increased by 0.5%, while compared to III quarter of 2015 – by 2%. This is evidenced by the data published on the website of the State statistics service of Ukraine.

Nominal GDP was 664,7 billion, and per one person – UAH 15,568 (in the III quarter of 2015 – 13,155 UAH).

Related news: Kubiv: the Cabinet expects GDP growth for the year not less than 1%, inflation no more than 14%

Earlier it was reported that real gross domestic product of Ukraine in the 3rd quarter of 2016, according to operational data, increased by 1.8% compared with the same period of 2015.

We will remind, the national Bank of Ukraine (NBU) predicts GDP growth in 2017 to 2.5% in 2018 – up to 3.5% per annum.

Note, in the draft budget for 2017 laid down the national debt, calculated in national currency, in the amount of 66.4% of GDP, and total public and publicly guaranteed debt – 88,8% of GDP.