Source: world bank Nominal/PPP
Summary:
Ukraine GDP Per Capita expanded from 1987 to 2024, increasing from $64.09 to $190.74 .The compound annual growth rate (CAGR) averaged 2.99% over the period. The economy recorded its peak level in 2021 and its lowest level in 1999. Growth volatility remained high. The maximum drawdown reached 61.82%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
Ukraine Economic Phases (1987 - 2024)
From 1987 to 2024, Ukraine economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1988–1989) indicating robust economic expansion
- Contraction (1990–1992) indicating temporary slowdown
- Crisis (1993–1994) indicating severe economic downturn
- Contraction (1995–1996) indicating temporary slowdown
- Crisis (1998–1999) indicating severe economic downturn
- High Growth (2001–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Crisis (2014–2015) indicating severe economic downturn
- High Growth (2017–2019) indicating robust economic expansion
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 2007 with an increase of 32.935%, while the largest decline was in 2009 at -35.382%.