Ukraine GDP Falls by Over 30% in 2022 Amid Russian Invasion, Largest Drop Since Independence

Ukraine's gross domestic product (GDP) fell by 30.4 percent in 2022 - the largest annual fall in over 30 years - because of the war with Russia, Economy Ministry said on Thursday. “This is objectively the worst result since independence but better than most experts predicted at the beginning of Russia's full-scale invasion when estimates ranged from 40-50 percent and more,” the Economy Ministry said. Russia-Ukraine War: Moscow Claims 63 Russian Soldiers Killed by Ukrainian Strike in Donetsk.

Ukraine’s GDP Fell by Over 30% in 2022: 

⚡️Ministry: Ukraine’s GDP fell by 30.4% in 2022.

“This is objectively the worst result since independence (in 1991) but better than most experts predicted at the beginning of (Russia’s) full-scale invasion, when estimates ranged from 40-50% and more,” the Economy Ministry said.

— The Kyiv Independent (@KyivIndependent) January 5, 2023

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