Ukraine FlagUkraine

Ukraine's Glory Has Not Yet Perished, Nor Her Freedom.



Population: 44,291,413 (2014), 44,573,205 (2013)
Land Area: 603,700 sq km
Natural Resources: Iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber, arable land
Capital: Kyiv
Political System: Republic
State Leader: Petro Poroshenko (June 7th 2014)
Head of Government: Arseniy Yatsenyuk (February 27th 2014)
Languages: Ukrainian, Russian
Currency: Hryvnia (UAH)
Major Religions: Ukrainian Orthodox - Kyiv Patriarchate 50.4%, Ukrainian Orthodox - Moscow Patriarchate 26.1%, Ukrainian Greek Catholic 8%, Ukrainian Autocephalous Orthodox 7.2%, Roman Catholic 2.2%, Protestant 2.2%, Jewish 0.6%, Other 3.2%
Major Ethnicities: Ukrainian 77.8%, Russian 17.3%, Belarussian 0.6%, Moldovan 0.5%, Crimean Tatar 0.5%, Bulgarian 0.4%, Hungarian 0.3%, Romanian 0.3%, Polish 0.3%, Jewish 0.2%, Other 1.8%
Life Expectancy: 69.14 years (2014), 68.93 years (2013)


GDP Official Exchange Rate: 175.5 billion (2013), 176.2 billion (2012)
GDP Purchasing Power Parity: 337.4 billion (2013), 340.7 billion (2012)
GDP Per Capita (PPP): 7,400 (2013), 7,500 (2012)
GDP Growth Rate: 0.4% (2013), 0.2% (2012)
GDP Structure: Agriculture 9.9%, Industry 29.6%, Services 60.5% (2013)
Labour Force By Occupation: Agriculture 5.6%, Industry 26%, Services 68.4% (2012)
Industries: Coal, electric power, ferrous and nonferrous metals, machinery and transport equipment, chemicals, food processing
Agriculture Products: Grain, sugar beets, sunflower seeds, vegetables; beef, milk
Human Development Index: 0.734 (83rd)(2014), 0.740 (78th)(2013)
Tourism Revenue: 1.512 billion (2004)
Unemployment Rate: 8% (2013), 7.5% (2012)

MilitaryUkraine Map

Army Size: 187 600 (2004)
Budget: 1.4% of GDP (2005)

Current Situation


Ukraine is located in Eastern Europe. Ukraine is bordered by Belarus, Hungary, Moldova, Poland, Romania, Russia and Slovakia. Ukraine's economy suffered much after the collapse of the Soviet Union. The economy has since then recovered and is presently growing at a steady pace, it was however impacted by the 2008-09 global recession and received an emergency loan from the IMF. Ukraine's economy is very diversified with agriculture, industry and services all significant sectors. Despite a massive decline in economic growth in 2009, growth will return in 2011. This is aided by the IMF bailout and also by the newly elected president, and the new government holds a majority all this offers relative stability.

(2014) Popular protests ousted the former President Viktor Yunakovich after he scrapped a deal for closer ties with European Union at the last minute under pressure from Russia. Following this Ukraine was the victim of agression on the part of Russia in 2014 when it annexed the Crimea from Ukraine. Also Ukraine is embroiled in a conflict with seperatists in its eastern provinces who are supported by Russia, although Russia won't admit supporting the rebels. Until the eastern question is resolved the economy is bound to continue showing flat growth. The European Union and the United States have imposed sanctions on Russia but it remains to be seen if these will have any impact in making Russia back down.

Thoughts & Comments



CIA World Factbook: Ukraine
The Economist: The World In 2014
Wikipedia: Ukraine

Updated on: January 2nd, 2014