02−04 November 2022

IEC, 15, Brovarsky Prospect
Kyiv, Ukraine


08 July 2016

GDP will grow by 3% - to learn about the development of Ukraine in 2017.

Each year, the Ministry of Economic Development and Trade of Ukraine prepares forecast for economic and social development of Ukraine. Team of macroeconomists of the Ministry has prepared a forecast for 2017. Next year is expected the successful and rapid economic reforming, with support of the international community and in favourable external economic conditions. Projected GDP growth is expected at 3% and nominal GDP is estimated at 2.5849 trillion Uah. Inflation will drop to 8%. It is also expected increasing of real salary and emoluments by 5.4% and decline the unemployment rate to 8.7%. After preliminary consultations IMF experts noted that our forecast figures are very close to its own forecasts.

In 2017 driver forces of economic growth will be foreign investment and external demand. We are changing the model of economic development. By this time it was based on expanding domestic demand is mainly satisfied by imports backlog of domestic production. Now, sustained economic growth will be ensured by attracting investment and innovation in the economy.

Also, projected GDP growth is expected to be 4% in the 2018-2019 years.