Experts update Ukraine's GDP per capita based on latest population count.

Some 37 million people lived in Ukraine as of December 1, 2019, according to the latest remote estimates.

REUTERS

REUTERS

Experts say Ukraine's gross domestic product (GDP) per capita in 2019 was higher by US$500-1,000 than it was estimated before, taking into account the latest population count published in the country.

Read alsoPopulation count in Ukraine: Fresh data released

In particular, Executive Director at CASE Ukraine Dmytro Boyarchuk estimates the increase at US$500 per capita.

"The actual GDP was US$4,200 per capita in 2019, rather than US$3,700, as some economists thought. So, that is plus US$500 due to the remote census," he wrote on Facebook on January 23.

In turn, Coordinator of the Expert Platform at the National Bank of Ukraine (NBU) Andriy Blinov estimated the growth at US$1,000, taking into account the population count and the effect of the revaluation of the hryvnia, Ukraine's national currency.

"With the [hryvnia] revaluation and an update on the number of people, Ukraine's nominal GDP per capita jumped from about US$3,100 in 2018 to nearly US$4,100 in 2019," he said on Facebook on Thursday.

As UNIAN reported earlier, some 37 million people lived in Ukraine as of December 1, 2019, according to the latest remote estimates. That is 5 million down from the data previously published by the State Statistics Service.

Ukraine's national currency in 2019 strengthened against the U.S. dollar by 14.5%, to UAH 23.69 and against the euro by 16.7%, to UAH 26.42.

Related news

Ukraine exports 16 mln tonnes of wheat over six months – expert.

In the first half of the 2019/2020 marketing year, Ukraine exported about 16 million tonnes of wheat, Director General of UkrAgroConsult consulting agency Serhiy Feofilov has stated.

Ukraine's National Bank exploring possibility of issuing e-hryvnia.

Some 80% of the world's central banks today are working on digital currency, the official says.

EBA opposes bill on annual increase in share of domestic raw materials in cognac production to 85% in 2027.

The European Business Association (EBA) has called on lawmakers to reject bill No. 2431 on the mandatory use of domestic raw materials in production of cognac in Ukraine with the annual growth of the share of domestic raw materials to 85% from Jan...

1

President presents state grants to winners of first startup competition.

President of Ukraine Volodymyr Zelensky has participated in the award ceremony of the first grant contest of the Ukrainian Startup Fund.

1

Ukraine, EU intensify cooperation on adaptation of Ukrainian legislation in field of SPS measures.

Representatives of the competent authorities of Ukraine and the European Union discussed the current state of implementation of EU laws in the field of sanitary and phytosanitary measures in Ukrainian legislation in accordance with the Association...

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies