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Ukraine Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
44,033,874 (July 2017 est.)
GDP (PPP)
$368.8 billion (2017 est.)

GDP growth rate
2.5% (2017 est.)

Growth returned in 2016 after a sharp contraction in the previous years

GDP (PPP) per capita
$8,700 (2017 est.)

Very low

Local currency
Hryvnia (UAH)

Weak and unstable currency

Financial stability (Public debt)
75.6% of GDP (2017 est.)

High but decreasing

Inflation
14.4% (2017 est.)

High and accelerating

Language
Ukrainian (official) 67.5%, Russian (regional language) 29.6%

Corruption perception index (Source: Transparency International)
130/180

Very high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

20% standard rate 7% reduced rate applies to medical goods
Corporate Tax

18% standard rate
Duties

There are two duty rates applicable to WTO countries (partial rate) or a non-WTO country (full rate)

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If you are interested in doing business in Ukraine, or in finding Ukrainian manufacturing companies, we can help you.

Thousands of companies in Ukraine and Ukrainian SMEs use Globartis for their operations.

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Connect with a Ukrainian manufacturer or Ukraine importer, or source among Ukraine export to find the right product.

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