Ukraine’s GDP grew by 2.1% in Jan-July 2021 – Economy Ministry

In January-July 2021, Ukraine’s gross domestic product (GDP) grew by 2.1% compared to the same period last year, according to data provided by the Ministry of Economy.

It is noted that in January-July 2021, the consolidated index of production grew by 1.3% (against a 1.0% increase in January - June 2021 and a 6.6% decline in January-June 2020).

Ukraine’s GDP rose by 2.1% in January-July 2021, compared with a 1.7% growth in the first six months of 2021 and a 6.1% decline in January-July 2020.

According to the ministry, the main contribution to such a dynamics was made by industry (both from favorable conditions in foreign commodity markets and continued recovery in demand from key product users) and agricultural sector, where production growth resumed due to high yields of almost all crops.

At the same time, "the construction industry fell short of expectations," where the dynamics did not change compared to last year.

As Ukrinform reported, in the second quarter of 2021, real GDP rose by 5.4% compared to the same period last year. Ukraine's GDP decreased by 2.0% in the first quarter of 2021 compared to the first quarter of 2020.

iy

UkrInform

Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news

https://www.ukrinform.net/

Related news
Ryanair eyes expansion in Ukraine

Ryanair eyes expansion in Ukraine

Ryanair CEO Michael O'Leary says that the Irish low-cost carrier plans to significantly expand its presence in the Ukrainian market.

UkrInform

Ukraine, Germany continue energy efficiency cooperation - Bezus.

Ukraine, Germany continue energy efficiency cooperation - Bezus.

Ukraine and Germany continue the cooperation in implementing modern energy efficiency policy for sustainable development and improving the welfare of society, Valariy Bezus, Head of the State Agency on Energy Efficiency and Energy Saving of Ukrain...

UkrInform

CBSN Originals - Ghost Light: The Year Broadway Went Dark.

CBSN Originals - Ghost Light: The Year Broadway Went Dark.

"From the ushers and stagehands to conductors, writers and actors, the Broadway community spent more than a year without knowing when they’d be back to work. In the absence of a paycheck during the COVID-19 pandemic, many were forced to leave thei...

Joe Biden ‘FORGETS’ Australian PM’s name & calls him the ‘Fellow Down Under’ in latest gaffe.

Joe Biden ‘FORGETS’ Australian PM’s name & calls him the ‘Fellow Down Under’ in latest gaffe.

PRESIDENT Joe Biden appeared to forget the Australian Prime Minister's name and resorted to calling him the "Fellow Down Under." The latest gaffe came during the nuclear submarine announcement, with Britain and the US agreeing to help the Australi...

Companies Manufacture In Space As Part Of Growing Industry.

Companies Manufacture In Space As Part Of Growing Industry.

Companies head to outer space to produce goods like fiber and pharmaceuticals in a new growing industry known as space manufacturing. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news...

Joe Concha says Gen. Milley undermined American voters

Joe Concha says Gen. Milley undermined American voters

Fox News contributor Joe Concha blasts General Milley for secret call with China; says it's 'bye-bye Biden' in new op-ed #FoxNews #FoxFriendsFirst Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC...

Aviation startup Lilium's IPO surrounded by doubts - DW News.

Aviation startup Lilium's IPO surrounded by doubts - DW News.

German air taxi developer Lilium has propelled itself to great heights with big ideas. The company is about to list on the US technology exchange NASDAQ, having promised the world its first electric, vertical take-off passenger plane. But not ever...

1 6

Boris vows nuclear submarine pact will create HUNDREDS of UK jobs as France rages over deal.

Boris vows nuclear submarine pact will create HUNDREDS of UK jobs as France rages over deal.

Boris Johnson on Thursday hailed the nuclear submarine pact with Australia and the US saying it will create hundreds of highly skilled jobs in the UK. Addressing MPs in the Commons, the PM denied that the alliance was an 'adversarial' move towards...