Economy of Ukraine
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The economy of Ukraine is an emerging free market, with a gross domestic product that fell sharply for the first 10 years of its independence from the Soviet Union and then experienced rapid growth from 2000 until 2008. Formerly a major component of the economy of the Soviet Union, the country's economy experienced a deep recession during the 1990s, including hyperinflation and a drastic fall in economic output. In 1999, at the lowest point of the economic crisis, Ukraine's per capita GDP was about half of the per capita GDP it achieved before independence. GDP growth was first registered in 2000, and continued for eight years. In 2007 the economy continued to grow and posted real GDP growth of 7%. In 2008, Ukraine's economy was ranked 45th in the world according to 2008 GDP (nominal) with the total nominal GDP of 188 billion USD, and nominal per capita GDP of 3,900 USD.
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- Related: Tourism in Ukraine
Ministry of Economic Development and Trade website... Ministry of Economic Development and Trade website (en) me.kmu.gov.ua/control/en/index - Web |
State Agency for Investment and National Projects ... State Agency for Investment and National Projects website (en) ukrproject.gov.ua/en - Web |
How to go broke owning monopolies How to go broke owning monopolies www.kyivpost.com/news/business/bus_general/detail/62083/ - Web |
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