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GDP took hike in Q4 2016

The nations' economy grew 4.5-4.8%, the State Statistics Service says.

GDP took hike in Q4 2016
Photo: Photo: freeze-frame video

Ukraine's gross domestic product of in the fourth quarter of 2016 grew by 4.5-4.8 over the same period in the previous year, the head of the State Statistics Service Ihor Verner said at a Cabinet meeting on Wednesday, 8 February.

"The preliminary estimate of GDP in the fourth quarter of the last year will be released next week. However, the data from different sectors of economy distinctly indicate an acceleration of GDP growth in the fourth quarter. The estimated GDP growth over the Q4 2015 may reach 4.5% to 4.8%," Verner said.

The first quarter of 2016 saw 0.1% GDP growth over the same period in 2015, the second quarter - 1.4%, and the third quarter - 1.8%.

Overall, Ukraine's GDP grew 1.8% in 2016, deputy Finance Minister Oksana Markarovs announced late January.