Ukraine Investment Climate
Ukraine's economy continued to perform very well in 2007 and the growth outlook for 2008 remains strong. Real GDP grew by 7.8% in 2007, driven by a boom in consumption, investment and exports. Despite the recent turbulence on global financial markets and continued political uncertainty within the country, Foreign Direct Investment (FDI) and other capital inflows remained strong. On February 5, 2008 the General Council paved the way for Ukraine's membership in the WTO by approving its accession terms. Ukraine ratified the deal on April 4, 2008 and became the 152nd member of the WTO.
| Indicators | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | F2007 |
|---|---|---|---|---|---|---|---|
| Real GDP Growth, % | 9.2 | 5.2 | 9.6 | 12.1 | 2.6 | 6.6 | 7.8 |
| Average Inflation, % | 6.1 | -0.6 | 8.2 | 12.3 | 10.3 | 11.6 | 16.6 |
| Exchange Rate, USD | 5.37 | 5.33 | 5.33 | 5.32 | 5.05 | 5.05 | 5.05 |
| Current Account Balance, % of GDP | 3.7 | 7.5 | 5.8 | 10.5 | 3.1 | -1.1 | -4.2 |
| Foreign Debt Stock (USD billions) | 20.4 | 21.6 | 23.8 | 30.6 | 38.8 | 44.9 | 13.9 |
| FDI (USD billions, net) | 0.7 | 0.7 | 1.4 | 1.7 | 7.3 | 4.5 | 8.5 |
| Sources: ICPS, NBU, IMF, The World Bank |
| Ukraine Investment Climate, 2006 |
| Ukraine Investment Climate, 2005 |