In the first quarter of 2022, real gross domestic product (GDP), according to current data, decreased by 15.1% compared to the same period in 2021.
This was reported by the State Statistics Service, Ukrainian News reports.
Compared to the fourth quarter of 2021, GDP decreased by 19.3% (taking into account the seasonal factor and excluding the temporarily occupied territory of the Autonomous Republic of Crimea and the city of Sevastopol).
During the year, the State Statistics Service clarifies the indicators of real gross domestic product.
As Ukrainian News reported, in the fourth quarter of 2021, real gross domestic product increased by 6.1% compared to the same period in 2020 to UAH 1,730,104,000 (in actual prices).
In 2021, the real gross domestic product increased by 3.4% compared to 2020 (in constant 2016 prices) to UAH 5,459,574,000 (in actual prices) (excluding the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol).
The state budget for 2022 was developed based on the macroeconomic forecast, which provides for real GDP growth of 3.8%. However, with Russia's military aggression against Ukraine, the domestic economy, according to international organizations, could fall from 30% to 45%.
The World Bank has published a report stating that the war in Ukraine will cause a "historic" jump in food and energy prices, which will remain high until the end of 2024.
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