Ukraine vs Poland by GDP 1990-2012

Recently I wrote an article about Ukraine's GDP since collapse of Soviet Union.

In that post I promised to compare GDP of Ukraine versus Poland.

Why those two? They are neighboring countries, both of them have been under Iron Curtain, population is about the same size.

So few basic data about Ukraine:

  • Population: 45.59 (fall from 51.89 in 1990)
  • GDP 2012: 176.3 billion USD | GDP 1990: 81.46 billion USD
  • GDP per capita 2012: 3.866 thousands USD | GDP per capita 1990: 1.569 thousands USD


Few data about Poland:

  • Population: 38.54 ( 38.11 in 1990)
  • GDP 2012: 489.8 billion USD | GDP 1990: 64.55
  • GDP per capita 2012: 12.707 | GDP per capita 1990: 1.693 thousands USD 

 

As we can see from data above, something went terribly wrong in Ukraine, since in the start position in 1990 year. Ukraine had greater GDP, the GDP per capita was approx the same as in Poland. What went wrong in Ukraine? I see there is reason to dig further, and in some of my next posts, I'll try to do DIY investigation with Ukraine's economic problems :)

About Reinis Fischer

Reinis Fischer is a Drupal Developer who works and lives in Tbilisi. A programmer by day and a writer by night. Or Vice Verse. Covers topics on Travel, Restaurant Reviews, Finances, Blogging e.t.c. Loves DIY and recently is excelling as a main constructor in his latest project - home remodeling.
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