National debt ratio in Ukraine
The national debt ratio of Ukraine indicates the relationship between the Ukrainian national debt on the one hand and the Ukrainian nominal gross domestic product on the other.
Development in recent years
Ukraine's national debt ratio increased between 2008 and 2013 due to the financial crisis . While the national debt of 194.8 billion Ukrainian hryvnia at the end of 2008 corresponded to a national debt ratio of 20.5%, the national debt ratio reached 40.9% at the end of 2013, given the debt level of 595.6 billion Ukrainian hryvnia. The debt ratio rose significantly in 2014 - the rating agency Fitch estimates the national debt ratio at the end of 2014 to be 72% with a budget deficit of 13%. As a reason of the serious deterioration in public finances that is crisis in Ukraine since the beginning of 2014 indicated, in particular the armed conflict with pro-Russian separatists in eastern Ukraine ( Donbass ).
Forecast development
In October 2014, the International Monetary Fund assumed that the national debt ratio of Ukraine could fall to 51.1% by the end of 2019 with a debt level of 1,395.9 billion Ukrainian hryvnia.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)
- ↑ Fitch deprives Austria of top marks and downgrades Ukraine February 14, 2015, accessed on March 5, 2015.