Ukraine's GDP grows by 4.2% in 10 months of 2024
The transportation and construction industries remain the drivers of the growth, as well as the manufacturing sector, said First Deputy Economy Minister Oleksii Sobolev in a statement.
The transportation and construction industries remain the drivers of the growth, as well as the manufacturing sector, said First Deputy Economy Minister Oleksii Sobolev in a statement.
"Due to the high adaptability to difficult conditions and experience in responding to such challenges, the Ukrainian economy continued to grow" in June, said Economy Minister Yulia Svyrydenko.
Preliminary estimates suggest that Ukraine's gross domestic product (GDP) increased by 6.5% in the first quarter of 2024 compared to the first quarter of 2023, Ukraine's State Statistics Service reported on June 25.
The forecast was still lower than the one reported by Russian Finance Minister Anton Siluanov in April, who claimed that the country's GDP would grow by 3.6% in 2024.
Ukraine’s gross domestic product was $200 billion in 2021, the highest it's ever been since the country became independent in 1991, Deputy Minister of Economy Denys Kudin said on Jan. 28. The country managed to hit this peak in spite of the setbacks from the Covid-19 pandemic and close