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Ukraine Poverty and Shared Prosperity Update 2016-2019 (English)

From an economic point of view, the last decade was largely a lost one for Ukraine. Total economic output stagnated between 2010 and 2019, and GDP per capita increased only on behalf of a shrinking population. Ukraine’s weak economic performance resulted in increasing gaps with other countries in the region. While GDP per capita in the ECA region (IDA and IBRD only) grew at 2.6 percent per year in real terms between 2010 and 2019, Ukraine’s GDP expanded at less than one percent per person per year (Figure 1). The modest growth resulted in modest poverty reduction, with the share of the Ukrainian population with consumption below the international upper middle-income poverty line of US$5.5 a day decreasing from 5.3 percent in 2010 to 2.5 percent in 2019.

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World Bank

Ukraine Poverty and Shared Prosperity Update 2016-2019 (English). Washington, D.C. : World Bank Group http://documents.worldbank.org/curated/en/099430006232220098/P17204608594930609d8f08307fb5dd1ed