---
title: "Ukraine GDP fell 15.1% Q1 yr/yr - official"
description: "June 9 (Reuters) - Ukraine's economy, beset by war against Russia, contracted by 15.1% year-on-year in the first quarter of this year, the State Statistics Service said in an initial assessment issued on Thursday."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Ukraine GDP plummets from war"
author: "Reuters"
author_url: "https://www.dailymaverick.co.za/author/reuters/"
canonical_url: "https://www.dailymaverick.co.za/article/2022-06-10-ukraine-gdp-fell-15-1-q1-yr-yr-official/"
published: "2022-06-10T04:00:47"
updated: "2022-06-09T22:49:20"
lang: "en-ZA"
word_count: 102
---

# Ukraine GDP fell 15.1% Q1 yr/yr - official

> June 9 (Reuters) - Ukraine's economy, beset by war against Russia, contracted by 15.1% year-on-year in the first quarter of this year, the State Statistics Service said in an initial assessment issued on Thursday.

By Reuters · Published 10 June 2022, 06:00 SAST · Updated 10 June 2022, 00:49 SAST

## Content

That figure for gross domestic product (GDP) compared with year-on-year growth of 6.1% in the last quarter of 2021, the service said. The first quarter figure showed a plunge of 19.3% compared with the final quarter of 2021, taking account of seasonal factors.

The service's data showed GDP rose 3.4% year-on-year throughout 2021 - compared with a decline of 3.8% the previous year.

The World Bank has forecast a fall of 45.1% for 2022, compared with 44% forecast by the Kyiv government. Russian troops invaded on Feb. 24, some eight weeks into the quarter.

(Reporting by Ronald Popeski; Editing by Alex Richardson)