Ukraine GDP Growth Rate QoQ
Ukraine holds a well-developed industrial base (steel, tractors, machinery, building materials, chemicals and fertilizers, and other major products), a large number of highly skilled workers, and rich agricultural lands (the major crops are; wheat, rye, flax, corn, barley, sugar beets, sunflowers, and potatoes), and a large number of mineral resources (the major minerals are; coal, anthracite, aluminum, mercury, nickel, natural gas, oil, zinc, titanium, and bauxite). Despite all the above, Ukraine's economy continues to be in terrible condition as a result of inadequate infrastructure, corruption, bureaucracy, and political upheavals. The services sector is the most important in terms of GDP on the production side of the economy, accounting for over 68% of total GDP, with domestic trade (14% of GDP) and hotel and food service (13% of GDP) being the most important. Industry accounts for 22% of GDP and is organized into two categories: manufacturing (11%) and agriculture (11%).
A higher than expected figure should be seen as positive (bullish) for the UAH while a lower than expected figure should be seen as negative (bearish) for the UAH.
