Ukraine's GDP growth 1990-2012

Updated: 24 June, 2014 seen 2,804

Today I red an article on Kyiv Post, informing that World Bank has announced it's forecast for Ukraine's GDP has been cut down to zero this year. I remember I watched a documentary series about Collapse of Soviet Union, and former Ukrainian president Leonid Kravchuk told, that Soviet Union without Ukraine is not a Soviet Union. This November Ukraine is preparing for the Eastern Partnership summit in Vilnius, during which the Association Agreement, including its Deep and Comprehensive Free Trade Area, is to be signed, according to the schedule agreed with the European Commission. I decided to create a chart, to see what Ukraine's economy looks like, since collapse of Soviet Union. Ukraine's GDP historically always have been more or less 1/10 of Russia GDP. But Russia, speaking of GDP terms per capita, always have beet better by Ukraine 3/4times. Why Ukraine cannot reach better results in their economy? Will eventual incorporation in EU structures change Ukraine's economy to better side? If so, how? Well neighboring Poland, which is not very rich in terms of GDP, have seen significant improvements in their Economy and GDP, after joining EU In some of my next posts - I'll compare Ukraine with Poland.