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Ukraine Business Report
General information
Source: The World Factbook - Central Intelligence Agency
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)
130/180Very 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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