8/28/2023 0 Comments Gdp of ukraine 2020![]() It is hard to argue with this assessment. Taking into account the undeniable costs of the conflict with Russia since 2014 and the damage caused by Covid-19 since 2020, Ukraine’s post-Soviet economic performance has clearly been unsatisfactory.ĭuring his May 2021 visit to Kyiv, US Secretary of State Antony Blinken repeatedly called corruption the main enemy of the Ukrainian economy. The corresponding figures for Ukraine are USD 1,418 in 1992 and USD 3,659 in 2019.Įven Russia’s growth record is significantly better than Ukraine’s, with GDP per capita at USD 3,099 in 1992 and USD 11,585 in 2019. In 1992, GDP per capita in Poland was USD 2,459. The main driver behind this thirty-year record of disappointing growth is bad governance and, more specifically, corruption.Ĭomparisons of Ukraine’s economy since 1992 with neighboring Poland and Russia illustrate this problem. Since it regained independence in 1991, Ukraine has exhibited systematic economic under-performance.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |