GDP
According to preliminary estimates, the volume of nominal GDP in the first quarter 1998 totaled UAH 20,556 mln, in March - UAH 750 mln.
Compared to the first quarter 1997, the real GDP decreased by 0.2% in the first quarter 1998, while in March 1998 compared to the respective period of the previous year it increased by 0.2%. In the first quarter 1998, there was an increase in outputs of goods and services as well as in gross value added.
The increases inoutputs of goods and services were 1.7% and 1.9%, respectively, in industry; 1.9% and 2.1% in construction; and 1.7% and 2.1% in transportation and communications.
The GDP deflator was 1.1 in the first quarter 1998.
Table 1
Output of Major Industrial Products
Product I quarter March 1998 Change in I Quarter 98 compared to I Quarter 98,% Electric power, bln. kWt/hours 50.2 16.9 - 2.4 Oil, thousand tons 978 338 - 4.6 Coal, mln. Tons 16.4 5.8 8.8 Natural gas, bln. m3 4.6 1.6 2.3 Iron ore, mln. tons 13.6 4.8 9.5 Manganese ore, mln. tons 0.7 0.2 3.7 Pig iron 5.2 1.9 10.4 Steel, mln. tons 6.4 2.3 8.5 Final rolled metal, mln. tons 4.5 1.6 - 0.5 Steel tubes, thousand tons 385 160 - 20.5 Excavators, units 88 38 23.9 Tractors, units 719 332 - 19.9 Automobiles, units 1904 796 71.7 Synthetic ammonia, thousand tons 960 368 - 10.8 Sulfuric acid, thousand tons 324 108 - 3.6 Calcinated soda 109 37.5 41.5 Mineral fertilizers, thousand tons 457 156 -27.3 Chemical thread and fiber, thousand tons 6.7 2.2 - 5.4 Automibile tires, thousand units 2097 743 21.4 Cement, thousand tons 787 357 5.6 Textiles, million m2 21.7 8.6 15.8 Knitted fabric, million units 1.4 0.6 - 35.6 Footwear, million pairs 2.3 0.9 - 4.3 Meat, thousand tons 52.5 18.7 - 48.4 Butter, thousand tons 12 4.6 8.3 Milk, thousand tons 129 47 1.1 Oil, thousand tons 120 28.8 18.1 Cereal, thousand tons 80.2 30.5 21.4 Bread and bakery goods, thousand tons 568 199 - 10.0 Canned food, million of tins (potential capacity) 141 57.4 15.3 Refrigerators, thousand units 98.6 35.6 140.4 Washing machines, thousand units 34.9 12.5 2.7
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