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Ukraine's GDP jumps by 4.7% in Q4 2016

Over the year 2016 the economy grew by 1.8%.

Ukraine's GDP jumps by 4.7% in Q4 2016
Photo: Photo: Max Levin

The State Statistics Service on 14 February released a preliminary assessment of the gross domestic product of Ukraine in the fourth quarter last year.

According to preliminary data posted the SSS website, the nation's GDP grew 4.7% in October-December last year over the same period of 2015, and 1.9% over the third quarter of 2016 (seasonally adjusted).

In late January, Deputy Finance Minister Oksana Markarova said the gross domestic product of Ukraine grew 1.8% in 2016.

In Q1 2016, the growth was 0.1%, in the second quarter - 1.4%, in the third - 1.8%, demonstrating an accelerated growth of the Ukrainian economy.

The central bank, NBU, has said it expected the economy was to grow 2.8% in 2017 and 3% in 2018.