HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Ukraine is not rich, Ukra...

Mon Mar 28, 2022, 12:34 PM

Ukraine is not rich, Ukraine was the third poorest country in Europe in 2021

15 poorest countries in Europe with the lowest GDP per capita

GDP (Gross Domestic Product) per capita reflects the average wealth of each resident in a given country. It is obtained by dividing the country's gross domestic product, adjusted by inflation, by the total population. Here is a ranking of European countries by wealth.

1. Kosovo - GDP per capita $10,766
2. Moldova - GDP per capita $12,325
3. Ukraine - GDP per capita $12,377
11. Russia - GDP per capita $26,456


so much for twitter threads claiming the opposite as a reliable news source...

But more on point, because of the brutal Russian invasion, Ukraine's GDP is expected to drop 55% this year:

The Ukrainian government estimated on Monday the economic losses from the Russian invasion, which has been underway for just over one month, at nearly $565 billion (€515 billion)

Ukraine’s economy minister, Yulia Svyrydenko, said on Facebook that the estimate includes immediate damage plus expected losses in trade and economic activity.

"It should be noted that every day the numbers change and unfortunately they are increasing," said Svyrydenko, who is also a deputy prime minister. Damage to public and private property -- with Russian forces resorting to fierce bombardments that have levelled some cities as their invasion has stalled -- was the biggest element.

Svyrydenko estimated gross domestic product in 2022 would be down by $112 billion (€102 billion), which would be a drop of more than 55 percent of Ukraine's economic activity last year.


0 replies, 464 views

Reply to this thread

Back to top Alert abuse

Reply to this thread