Investor Presentaiton
June 2021
Accumulated economic buffer to curb Covid-19 crisis (1/2)
2020 GDP in current
prices
US$
156bn
GDP per capita
dynamics, US$
2017
US$
2,640
+17%
Comments
In 2020, Ukraine's real GDP has declined by 4.0% which is
significantly lower than projected by the government
(-4.8%) and the IMF (-7.2%). In Q1 2021, the real GDP has
contracted by 2.2%
YTD 2021, the key economic sector outputs started to
return to upward trend with industrial production showing
the increase (1.5% y-o-y in Apr 2021), while construction
index is still negative (-5.3% y-o-y in Apr 2021), followed by
agriculture (-4.5% y-o-y in May 2021)
Despite Covid-19, the private consumption remained
strong in Q1 2021 after quick return to growth in Q3
2020, while the fixed capital accumulation remains negative
Real GDP growth (y-o-y)², %
4.6%
4.7%
3.8%
3.4%
3.2%
2.4%
2.5%
(4.0)%
US$
3,097
2018
+18%
50%
2019
US$
40%
3,663
30%
20%
+2%
10%
0%
(10%)
US$
3,727
2020
(20%)
Jan
Key economic sectors output growth (y-o-y)¹, %
Agriculture
Construction
Industrial production index
Jan-Jul
Jan-Apr
Jan-Oct
Jan
2016
Jan-Apr
Jan-Jul
Jan-Oct
Jan
Jan-Jul
Jan-Oct
Jan-Apr
Jan
Jan-Apr
Source State Statistics Service of Ukraine
Jan-Jul
Jan-Oct
Jan
Jan-Apr
Jan
Jan-Apr
2017
2018
2019
2020 2021
1
2
2016
2017 2018 2019
2020 2021E 2022E
2023E
Sources State Statistics Service of Ukraine
Component contribution into real GDP growth, %
7.4% 7.0%
6.3% 5.9%
2.8%
2.5%
1.8%
2.3% 2.0%
3.9% 3.8%
1.2%
1.5%
(0.9)%
(4.5)%
Private consumption
(3.2)% (3.8)%
(5.3)%
(3.9)%
■Gross fixed capital accumulation
(5.9)%
(7.5)%
2016
2017
2018
2019
Q1'20
Q2'20 Q3'20 Q4'20 Q1'21
Source State Statistics Service of Ukraine
Notes
To the corresponding period of the previous year on a cumulative basis
2021-2023 data according to the latest Ministry of Economy's projections
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