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Macroeconomic forecast for 2021-2023

Key forecast indicators of economic and social development of Ukraine for 2021-2023

(July 2020)

 Indicator 2021 2022 2023
Nominal GDP, UAH bn 4,505.9 5,089.4 5,689.7
Change of GDP, y-o-y  4.6% 4.3% 4.7%
CPI change, y-o-y  7.3% 6.2% 5.3%
Unemployment rate 9.2% 8.5% 8.0%
Trade balance, USD bn (10.4) (13.6) (17.0)
Export of goods and services, USD bn 60.2 64.0 69.3
Export of goods and services, y-o-y growth 2.9% 6.4% 8.2%
Import of goods and services, USD bn 70.6 77.7 86.3
Import of goods and services, y-o-y growth 10.6% 10.0% 11.1%

Source: The Resolution of the CMU № 671 dated July 29, 2020