Ukraine’s gross domestic product (GDP) plummeted 29.1% in 2022 from a year earlier as the Russian invasion ravaged the country, Ukraine’s State Committee said on Thursday. for statistics.
Ukraine, which is resisting thanks to military and financial aid from the West, has seen whole sections of its economy swallowed up by the war.
The construction sector was thus the hardest hit, with a fall of 67.6% last year.
However, even if hostilities are still continuing and up to 20% of Ukrainian territory is occupied, the International Monetary Fund (IMF), one of Kiev’s key backers, expects a partial and gradual economic recovery this year. .
The IMF estimates that, depending on the scenarios, the Ukrainian economy could evolve between a recession of 3% and growth of 1% in 2023.
The institution forecasts an acceleration in 2024, to 3.2%, then up to 6% in 2025.
The Fund has just validated 15.6 billion dollars in aid for Ukraine in a major international support plan of 115 billion dollars.
Ukraine was one of the poorest countries in Europe when Russia attacked it. It had seen its GDP grow by 3.4% in 2021.