Europe

Ukraine

Last reviewed: 19 November 2009

Country information

See entire profile

Economy

Basic economic facts

Exchange rate: 5.00 hryvnvya (UAH) per US$1 (2007)
GDP: 2007 US$ 142.6bn (IMF figure)
GDP per head: 2007 US$ 3,056 (IMF figure)
Annual growth: 2007 7.6% (IMF figure)
Annual consumer inflation: 2007 12.8% (IMF figure);
Major industries: Coal, electric power, ferrous and non-ferrous metals, machinery and transport equipment, chemicals, agriculture, food-processing (especially sugar)
Major trading partners: EU, CIS, China, US.

Further Information about Ukraine's economy can be found at UK Trade & Investment Country Profile: Ukraine.

Aid and development

On 5 November 2008 the IMF approved a $16.4 billion Stand-By Arrangement for Ukraine (with $4.5 billion for immediate disbursement) to help the Government strengthen confidence and restore economic stability after the country became the latest victim of the financial crisis sweeping the global economy. On 22 December 2008 the World Bank's Board of Executive Directors approved the Third Development Policy Loan for Ukraine worth $500 million. Major Governmental aid organisations active in Ukraine include USAID and the EU.