Ukraine is one of the leaders among the European
countries in terms of economic growth rate. It has shown
a steady rise in its growth rate from the year 2000 onwards.
GDP: In 2005, the
Ukrainian economy showed moderate rates of real GDP at 2.7%,
however in 2006 it increased by leaps and bounds to reach
7.1%. This increase was phenomenal, as it was in a period
of just one year. In the same year industrial production
growth saw an increase from 3.1% to 6.2%.
An increase in domestic trade by 14%, increase
in manufacturing industry by15.5% and an increase in construction
by 18.7%, helped Ukraine to attain an economic growth of
8.6% in the first two months of 2007. This was 7.1% more
than that seen in the same period in 2006.
In 2006, GDP (official exchange rate)
was USD 82.36 billion. GDP (purchasing parity) was USD 364.3
billion, GDP per capita (PPP) was USD 7,800. The sector
wise composition of GDP was as follows: Agriculture –
17.5% (up by 0.4%), Industry 42.7% (up by 6.2%) and Services