page_title: Economy of Ukraine
section_title: Financing, banking, investments
hierarchical_section_title: Economy of Ukraine / Sectors / Financing, banking, investments
caption_attribution_description: This is a photo of a monument in Ukraine, number: 80-382-0657
context_page_description: The economy of Ukraine is an emerging free market economy. It grew rapidly from 2000 until 2008 when the Great Recession began worldwide and reached Ukraine as the 2008-2009 Ukrainian financial crisis. The economy recovered in 2010 and continued improving until 2013. From 2014 to 2015 the Ukrainian economy suffered a downturn, with the GDP in 2015 being slightly above half of its value in 2013. In 2016, the economy again started to grow. By 2018, the Ukrainian economy was growing rapidly, and reached almost 80% of its size in 2008.
  The depression during the 1990s included hyperinflation and a fall in economic output to less than half of the GDP of the preceding Ukrainian SSR. GDP growth was recorded for the first time in 2000, and continued for eight years. This growth was halted by the global financial crisis of 2008, but the Ukrainian economy recovered and achieved positive GDP growth in the first quarter of 2010. By October 2013, the Ukrainian economy lapsed into another recession. The previous summer Ukrainian exports to Russia substantially declined due to stricter border and customs control by Russia.
caption: National Bank of Ukraine
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