Ukraine’s GDP in 2022-23, down to 29%
As per the state statistics service, Ukraine’s GDP fell by 29.1 per cent in 2022.
The state statistics service stated that Ukraine’s GDP fell by 29.1 per cent in 2022 as Russia’s attack ruined the nation.
In comparison, the pro-Western country’s gross domestic product (GDP) increased by 3.4 per cent in 2021, before the invasion authorised by Russian President Vladimir Putin in February 2022.
The battle in Moscow has killed tens of thousands, forced millions to flee, and devastated large swaths of the economy.
Construction was the most devastated sector, declining by 67.6 per cent last year, according to the state statistics department late Wednesday.
According to the World Bank, Ukraine requires $411 billion for repair and recovery following Moscow’s invasion in February of last year.
Russia damaged more than half of Ukraine’s electrical infrastructure in assaults on its neighbour over the autumn and winter months, according to the global lender.
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