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Ukraine

Europe & Central AsiaLower MiddleCapital: KyivUKR

High Risk

190.7B USD

GDP (Nominal)

Growing at 2.9%

$5,389

GDP Per Capita

Middle income level

37.9M

Population

+0.3% annual growth

6.5%

Inflation

Elevated

78%of GDP

Trade Openness

2.1%of GDP

FDI Inflows

59%of GDP

Public Debt

9.8%

Unemployment

$-36.1B

Trade Balance

GDP

Billion USD, nominal

$190.7B

2024+9.5B

GDP Growth

Annual %

2.9%

2024-2.6%

Inflation

Consumer prices, annual %

6.5%

2024-6.3%

Population

Millions

37.9M

2024+0.1M

Economic Structure

Services61%

Industry19%

Agriculture7%

Investment Score Breakdown

Economic Health (30%)12

Political Safety (25%)8

Business Climate (20%)18

Financial Strength (15%)10

Growth Potential (10%)30

Key Sectors

Agriculture

10% of GDP

stable

Technology (IT Outsourcing)

5% of GDP

growing

Manufacturing

12% of GDP

declining

Should I Invest in Ukraine?

AvoidSetup: ModerateROI: Moderate

Ukraine scores 15/100 on the NationsData Investment Index, rated "High Risk". Growth is healthy at 3.5%.

Investment Score15/100

GDP Growth3.5%

Inflation12%

FDI/GDP0.3%

Public Debt82%

Political Stability-2.5

Strengths

+Healthy GDP growth at 3.5%

Risks

-Significant political instability — governance risks may affect business continuity
-High inflation (12%) — erodes margins and purchasing power
-Elevated public debt (82% of GDP)
-Corruption is a significant concern — budget for compliance and due diligence
-Large current account deficit (-5%) — currency depreciation risk

Also Consider

Laos

Similar GDP per capita

Ghana

Similar GDP per capita, higher score (30)

Myanmar

Similar investment score

Bangladesh

Similar GDP per capita, faster growth (5.8%)

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