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 Main macroeconomic indicators of the year 2007 featured a certain growth.
Thus, growth rate of the real GDP reached 7.6% in the previous year.
So, numerous
forecasts of domestic and foreign experts regarding an inevitable deceleration of the GDP growth rate as compared with 2006, when the economy grew by 7.1%,
turned out to be unsubstantiated.
 
Investment activity was maintained at a high level - equity investments grew
by 29.8% in 2007. The corresponding dynamics is one of the incontrovertible
proves of positive trends in the economy, its actual detachment from political processes. 2007 also marked a significant growth of the foreign capital inflow to Ukraine.
Thus, in 2007, net growth of direct foreign investments into the Ukrainian economy
amounted to 8.7 bln. USD, and as of 1 January 2008, their total volume reached
29.5 bln. USD. In 2007.
 Level of the officially registered unemployment has been falling - from 2.8%
of the population physically able to work as of 1 January 2007 down to 2.3% as of
1 January 2008. At the same time, according to the methodology of the
International Labor Organization (ILO), in 2007 the unemployment level was
6.9% of the economically active people able to be engaged as labor force.
Gold and currency provisions of the country increased - up to 32.5 bln. USD
- as of 1 January 2008.
 Under the conditions of inflationary expectations and political tension in the
country, the banking sector managed to preserve a positive dynamics and enhance
its role in the system of financial mediation. In 2007, banking assets increased by 75.3% and totaled 619.0 bln. UAH.
Active transactions of banks with non-residents increased by 66.3% and
reached 29.3 bln. UAH, which amounts to 4.7% of the total assets.
In 2007, a trend towards an outrunning growth of assets in the foreign currency
as compared with the growth of assets in the national currency was sustained.
 In 2007, Ukraine's real GDP pace slightly led the previous year dynamics and reached 107.6
per cent. This ascending trend was mainly driven by high domestic demand, as a result of
enhancing investment and consumer demand.
 In 2007, inflation speeded up as consumer price index (CPI) reached 116.6 versus 111.6%,
in 2006, showing the highest pace for seven last years. The real inflation exceeded by 9.1 p.p.
the forecast data.
In 2007, the key factor of inflation growth was a rise in foodstuff prices as a result of unfavorable
weather conditions and harvest expectations as distinguished from the previous year
when inflation was driven by a rise in gas price for both industry and population.
 In 2007, industrial output grew by 10.2% (in 2006, by 6.2%). At the beginning of the year,
Ukraine's industry stagnated, mainly because of stabilized prices for exports and high statistics
of the previous year.
In 2007, the industrial enterprises sold products worth UAH 599.1 billion, the processing
industry having a share of 76.7% of the total output, including metallurgy 24.7%, machine-building
industry 14.4%, food industry 14.3%, coke and petroleum industry 8.2%, and chemical
industry 6.4%.
 Upon results of 2007, the agricultural output in absolute prices totaled UAH 109.9 billion and
decreased in comparative prices by 6.5% as compared with 2006.
In 2007, the agricultural output showed irregular dynamics, as at the beginning of the year, the
output growth exceeded results of 2006 due to the uptrend in private farming, but slumping dynamics
of agricultural holdings adversely affected the agriculture development.
 In 2007, the labor market showed a positive trend, as a number of retired or dismissed employees
decreased and so did the unemployment rate both in cities and rural regions; a pressure on
vacancies released whereas the employment rate went up.
Monthly number of people 15–70 years old averaged 22.5 million, 21.1 million being employed.
The rest (1.4 million) were unemployed. Employment rate among 15–70 years old people accounted
for 59.1%, that among able-bodied population 67.2%.
1..10 :: 11..14 | |
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