Country Commercial Guides FY 2000: Ukraine

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Country Commercial Guides for FY 2000: Ukraine

Report prepared by U.S. Embassy Kiev, Released July 1999 Note*

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Chapter X: Appendices
A. Country Data
Population: 50.09 million
Population Growth Rate: (-1)%
Religions: Orthodox, Ukrainian Catholic (Greek Rite), Roman Catholic, Jewish, Muslim, and others.
Government System: The Head of State is the President, vested with supreme and executive power. In 1994, Leonid D. Kuchma was elected President of Ukraine. The government is led by the Prime Minister. The superior body of legislation is the Verkhovna Rada (Parliament). In Ukraine, there are 24 administrative regions (oblasts), the Autonomous Republic of Crimea, and two municipalities (Kyiv and Sevastopol)
Languages: Ukrainian (official), Russian (widely spoken and also officially recognized)
Work Week: 40 hours per week (normal business hours: 9 a.m. - 6 p.m.)

B. Domestic Economy 1997 1998 1999
GDP ($ billion) 49.7 40.8 40.3
GDP Growth Rate (%) -3.2 -1.7 -1.0
GDP Per Capita ($) 863 854 775
Government Spending (% of GDP) 44.0 29.4 28.1
Inflation (annual %) 10.3 20.0 19.0
Unemployment (%) 3.1 3.5 4.0
Foreign Exchange Reserves ($ billion) 2.3 0.9 1.0
Average Exchange Rate ** 1.9 3.4 4.0
Foreign Debt ($ billion) 9.8 11.0 12.5
Debt Service/Export Ratio (%) 10.5 N/A N/A
US Economic Assistance ($ million) 225 225 195
estimated) (forecast)
** UAH:$
C. Trade ($ millions) 1997 1998 1999
Total Country Exports 20,355 17,400 17,450
Total Country Imports 21,891 18,300 17,900
U.S. Exports to Ukraine 404 368 N/A
U.S. Imports from Ukraine 414 531 N/A
D. Investment Statistics
According to Ukrainian government sources, as of January 1, 1999, the total volume of direct foreign investment into Ukraine since 1992 had reached approximately $2.8 billion, the majority of which was invested in joint ventures. The following are the official Ukrainian government statistics for total direct investment by country of origin from 1992 through January 1, 1999 (in $ millions):
United States 523.7 18.6%
Netherlands 272.6 9.7%
Germany 226.8 8.1%
Great Britain 210.2 7.5%
Russia 184.8 6.6%
Korea 171.2 6.1%
Cyprus 42.9 5.1%
Switzerland 100.2 3.6%
The most common sectors of activity for foreign investors are: the food industry, domestic trade, and credit, finance, and insurance. The following is an industry breakdown of total investments into Ukraine (in $ millions) by the major sectors as of May 1, 1999:

Food Industry 600.8
Machine Building & Metalworking 347.7
Domestic Trade 257.2
Credit, Finance, & Insurance 177.0
Chemical Industry 119.8

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Note* International Copyright, United States Government, 1999. All rights under foreign copyright laws are reserved. All portions of this publication are protected against any type or form of reproduction, communications to the public and the preparation of adaptations, arrangement and alterations outside the United States. U. S. copyright is not asserted under the U.S. Copyright Law, Title 17, United States Code.

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B. Domestic Economy	1997	1998	1999
GDP ($ billion)	49.7	40.8	40.3
GDP Growth Rate (%)	-3.2	-1.7	-1.0
GDP Per Capita ($)	863	854	775
Government Spending (% of GDP)	44.0	29.4	28.1
Inflation (annual %)	10.3	20.0	19.0
Unemployment (%)	3.1	3.5	4.0
Foreign Exchange Reserves ($ billion)	2.3	0.9	1.0
Average Exchange Rate **	1.9	3.4	4.0
Foreign Debt ($ billion)	9.8	11.0	12.5
Debt Service/Export Ratio (%)	10.5	N/A	N/A
US Economic Assistance ($ million)	225	225	195

C. Trade ($ millions)	1997	1998	1999
Total Country Exports	20,355	17,400	17,450
Total Country Imports	21,891	18,300	17,900
U.S. Exports to Ukraine	404	368	N/A
U.S. Imports from Ukraine	414	531	N/A

United States	523.7	18.6%
Netherlands	272.6	9.7%
Germany	226.8	8.1%
Great Britain	210.2	7.5%
Russia	184.8	6.6%
Korea	171.2	6.1%
Cyprus	42.9	5.1%
Switzerland	100.2	3.6%

Food Industry	600.8
Machine Building & Metalworking	347.7
Domestic Trade	257.2
Credit, Finance, & Insurance	177.0
Chemical Industry	119.8