Ukraine

Both Ukraine and Poland have experienced significant changes in their economies since the collapse of the Soviet Union. While both countries were part of the Iron Curtain and had similar population sizes, their economic growth followed different paths. In 1990, Ukraine had a higher GDP and GDP per capita compared to Poland. However, over the past two decades, Poland's economy has grown faster, with its GDP and GDP per capita reaching 489.8 billion USD and 12.707 thousand USD respectively in…

Ukraine, a country once considered as an integral part of the Soviet Union, has had a checkered economic history since its independence. Despite being one of the largest economies in Eastern Europe, Ukraine's GDP per capita has always lagged behind Russia, which has been three-four times better in terms of GDP terms per capita. The recent announcement by the World Bank that the forecast for Ukraine's GDP has been cut down to zero this year (2013) has only added to the country's economic woes…