Ukraine's gross domestic product (GDP) shrank by 29.2 percent in 2022, the government-run Ukrinform news agency reported Tuesday, citing an estimation by the country's economy ministry.
The economic decrease reflected depressed household consumption, a decline in investment activity, and negative pressure on export and import operations caused by the Russia-Ukraine conflict.
Ukraine's GDP performance last year was better than the initially estimated decline of 30.4 percent due to better-than-expected dynamics in the fourth quarter.
According to official statistics, Ukraine's real GDP declined by 31.4 percent year-on-year in October-December of 2022.
Earlier this month, the economy ministry slashed its forecast for the country's GDP growth this year to 1 percent from 3.2 percent estimated earlier.
-XINHUA
Narayani Hospital Doctors Resign En
Guideline Issued To Bring Uniformity
Britain’s Royal Mint Strikes Gold
Iran In Final Stage Of
Tiger Population Reaches 429 In
National Agriculture Policy, 2083 Issued