Table 1

Basic Economic Indicators of Ukraine
(1991 - 1996)

Indicator1991 199219931994 199519961996 to 1991
[Line]
Output and Income(Percent Change from Previous Year)
[1]Real Gross Domestic Product (GDP) [note1] -8.7-16.8-14.2-23 -11.8-10-60.2
[2]Industrial Output-4.8-6.8 -8-28.2-11.5-5.1 -50.8
[3]Employment-1.7-4 -2.3-5.4n.a.n.a.
[4]Capital Investment-7.1-36.9 -10.3-22.7n.a.n.a.
[5]Labor Productivity-11-13.4 -13n.a.n.a.n.a.
Prices and Wages
[6]Consumer Price Index (CPI) [note 2]261 2,83010,255501282140 5,720,740
[7]Wholesale Price Index (WPI) [note 2]263 3,9289,767655281 1178,223,932
[8]Official Average Wage Index [note 2]240 2,3043,948418 3691171,794,030
Government Finances(Percent of GDP)
[9]State Budget Revenue36.532.8 4049.240.237.4
[10]State Budget Expenditure50.645 46.559.748.241.9
[11]State Budget Balance-14.1-12.2-6.5 -10.5-8-4.5
[12]Extrabudgetary Funds Balance [note 4]0.5 3.50.50.40.40.4
[13]Directed Credits (1996 Est.)13.6 12.884.23.21.1
[14]General Government Balance-27.2 -21.4-14-13.4-10.8 -5.2
Memorandum: Nominal GDP (bllns. KBV)299 516814191610803075083061 8051000

Notes:(1) Real GDP in December 1991 currency units.
(2) December of previous year = 100.0. (1996 Official Average Wage Index through September.)
(3) Real average wage at December 1994 was equal to 26% of the December 1991 value.
(4) Author's estimates for 1994 and 1995, based on IMF (1995).
Sources:Lines [1] and [2]: Luczynski and Novoselsky (1997).
Lines [3] through [5]: IMF (1995, 1996).
Lines [6] through [8]: Luczynski and Novoselsky (1997).
Lines [9] through [14]: IMF (1995, 1996), source documents, and author's estimates.