![]() ![]() However, according to Kudin, the Covid-19 pandemic, Russia’s war on Ukraine, the global surge in gas prices and the weakening hryvnia have been “adverse factors” for Ukraine’s economy. “Ukraine has a record GDP of $200 billion, sufficient foreign exchange reserves, and an average salary increase of 21% – these are the indicators with which the Ukrainian economy ended 2021,” he wrote on Facebook soon after the meeting. Kudin pointed out the figure during a roundtable discussion with the National Bank of Ukraine (NBU), adding that Ukraine has achieved macroeconomic stability, “which is the foundation without which economic growth is impossible.” Last year's GDP was also a steep increase from 2020, when it was just $155 billion, according to the World Bank's figures. ![]() The country managed to hit this peak in spite of the setbacks from the Covid-19 pandemic and close to eight years of being under attack by Russia and its proxies. 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. ![]()
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