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Economy of Ukraine vs United Arab Emirates compared: GDP & Debt

Updated on by Georank

Ukraine has a GDP of $214B compared to $552B for the United Arab Emirates, ranking 57/197 and 31/197 by economy size, respectively.

Ukraine has $233B in government debt (108.7% of GDP), compared to $193B (34.3% of GDP) in the United Arab Emirates.

Ukraine vs United Arab Emirates GDP by year

Ukraine
United Arab Emirates
1x
Year GDP, current $
Ukraine UAE
2025 $214,233,312,784 -
2024 $190,833,835,445 $552,324,919,096
2023 $181,221,517,869 $522,622,268,401
2022 $161,989,520,721 $511,403,404,642
2021 $199,765,859,571 $422,441,282,436
2020 $156,617,722,013 $357,161,776,271
2019 $153,883,047,510 $433,926,218,686
2018 $130,891,088,294 $440,560,003,161
2017 $112,090,505,082 $403,365,056,079
2016 $93,355,869,404 $381,717,208,621
2015 $91,030,967,789 $381,973,135,513
2014 $133,503,871,862 $424,935,834,104
2013 $190,498,811,460 $409,632,574,703
2012 $182,591,753,828 $392,793,559,051
2011 $169,333,835,202 $368,881,033,963
2010 $141,209,170,427 $307,736,348,527
2009 $121,552,153,444 $253,547,358,747
2008 $188,110,390,660 $315,474,615,741
2007 $148,733,861,386 $257,916,148,767
2006 $111,884,752,475 $222,116,532,963
2005 $89,238,865,119 $180,617,467,954
2004 $67,220,154,164 $147,824,249,958
2003 $52,010,355,753 $124,346,476,180
2002 $43,956,163,612 $109,816,091,079
2001 $39,309,580,983 $103,311,631,797
2000 $32,375,083,935 $104,337,463,730
1999 $31,580,639,554 $84,445,399,335
1998 $41,882,523,345 $75,674,384,205
1997 $50,151,531,592 $78,838,886,862
1996 $44,558,831,005 $73,571,217,377
1995 $48,213,856,469 $65,743,604,966
1994 $52,549,580,265 $59,305,111,228
1993 $65,648,559,903 $55,625,269,485
1992 $73,945,908,384 $54,239,188,746
1991 $77,350,733,982 $51,552,058,250
1990 $81,393,558,423 $50,701,374,187
1989 $82,709,161,099 $41,464,966,302
1988 $74,703,517,903 $36,275,613,877
1987 $64,087,694,038 $36,384,802,310
1986 - $33,943,568,481
1985 - $40,603,631,079
1984 - $41,807,931,453
1983 - $42,803,373,390
1982 - $46,622,715,281
1981 - $49,333,471,895
1980 - $43,599,134,193
1979 - $31,225,557,022
1978 - $23,775,718,541
1977 - $24,871,660,292
1976 - $19,213,212,475
1975 - $14,720,729,969
1974 - $11,651,505,689
1973 - $4,231,243,616
1972 - $1,415,086,929
1971 - $939,893,600
1970 - $685,986,701

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-arab-emirates | CC BY

GDP per capita in Ukraine vs United Arab Emirates by year

Ukraine
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ukraine UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,496 - - -
2024 $5,040 $18,549 $50,274 $79,229
2023 $4,803 $17,665 $49,851 $77,955
2022 $3,946 $14,770 $50,760 $75,072
2021 $4,510 $17,846 $44,118 $68,580
2020 $3,505 $15,541 $37,992 $66,791
2019 $3,423 $14,217 $45,939 $79,816
2018 $2,895 $12,555 $47,135 $77,446
2017 $2,467 $11,536 $43,734 $70,282
2016 $2,047 $10,865 $42,721 $69,987
2015 $1,988 $9,922 $44,910 $73,986
2014 $2,904 $10,494 $52,725 $87,478
2013 $4,130 $10,904 $53,247 $87,526
2012 $3,951 $9,552 $53,142 $89,198
2011 $3,657 $9,127 $51,922 $89,665
2010 $3,040 $8,453 $44,795 $85,120
2009 $2,607 $7,995 $37,803 $84,780
2008 $4,018 $9,324 $50,054 $94,628
2007 $3,160 $8,900 $45,855 $100,813
2006 $2,366 $7,971 $44,343 $106,814
2005 $1,875 $7,142 $38,719 $101,301
2004 $1,401 $6,663 $33,377 $98,661
2003 $1,076 $5,764 $29,660 $92,636
2002 $903 $5,123 $27,754 $88,467
2001 $800 $4,747 $27,745 $90,370
2000 $653 $4,228 $29,866 $92,899
1999 $632 $3,871 $25,856 $87,658
1998 $831 $3,794 $24,889 $90,229
1997 $987 $3,794 $27,983 $96,009
1996 $870 $3,812 $28,323 $94,620
1995 $933 $4,124 $27,003 $93,702
1994 $1,009 $4,565 $25,473 $89,959
1993 $1,254 $5,766 $25,033 $86,330
1992 $1,413 $6,568 $25,648 $87,509
1991 $1,483 $7,148 $25,691 $87,250
1990 $1,564 $7,591 $26,710 $88,455
1989 $1,593 - $23,167 -
1988 $1,444 - $21,570 -
1987 $1,244 - $23,113 -
1986 - - $23,132 -
1985 - - $29,468 -
1984 - - $32,012 -
1983 - - $34,650 -
1982 - - $39,972 -
1981 - - $44,855 -
1980 - - $42,925 -
1979 - - $34,238 -
1978 - - $29,379 -
1977 - - $35,020 -
1976 - - $31,197 -
1975 - - $27,117 -
1974 - - $23,823 -
1973 - - $9,696 -
1972 - - $3,675 -
1971 - - $2,805 -
1970 - - $2,394 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-arab-emirates | CC BY

Ukraine's GDP per capita is $5,496, ranking 118/197, compared to $50,274 in the United Arab Emirates, ranking 25/197. Adjusted for purchasing power (GDP per capita PPP), Ukraine ranks 101st at $18,549, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Ukraine UAE
Gross domestic product
$214B
2025
$552B
2024
GDP rank
57/197
2025
31/197
2024
GDP growth
1.82%
2024-2025
3.99%
2023-2024
GDP per capita
$5,496
2025
$50,274
2024
GDP per capita rank
118/197
2025
25/197
2024
GDP per capita, PPP
$18,549
2024
$79,229
2024
GDP per capita PPP rank
101/197
2024
16/197
2024
Government debt
$233B
2025
$193B
2024
Debt-to-GDP ratio
108.7%
2025
34.3%
2025
Government debt per person
$5,977
2025
$17,568
2024
Government debt per person rank
76/185
2025
37/185
2024
Average annual personal income after taxes
$5,580
2026
$40,096
2026
Market capitalization of domestic companies
$4.42B
2018
$1.11T
2025
Number of millionaires n/a
183,000
2026
Number of billionaires
7
2026
6
2026
Income share by richest 10%
21.7%
2020
20.5%
2018
Income share by poorest 10%
4.3%
2020
2.8%
2018
Government expenditure, % of GDP
74.5%
2025
22.6%
2025
Consumer prices inflation
12.7%
2024-2025
1.3%
2024-2025
Central bank interest rate
15.5%
2025
3.65%
2025
Unemployment rate
9.83%
2021
1.88%
2024
Population
40408451
11885001

Spending and national debt comparison by year

Ukraine
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Ukraine UAE
Government spending Government debt Government spending Government debt
2025 74.5% 108.7% 22.6% 34.3%
2024 71.2% 89.7% 21.4% 34.9%
2023 73.4% 81.2% 22.7% 31.9%
2022 65.4% 77.7% 22.7% 31.5%
2021 40.5% 48.9% 25.9% 35.7%
2020 45.6% 60.5% 30.5% 30.1%
2019 41.5% 50.5% 27.4% 25.8%
2018 41.9% 60.4% 25.9% 20.7%
2017 41.7% 71.6% 27.2% 21.2%
2016 40.8% 79.5% 31.7% 18.6%
2015 43% 79.3% 26.4% 15.6%
2014 44.8% 70.3% 31.4% 13.5%
2013 46.3% 39% 28.9% 15.3%
2012 47.1% 36.1% 27.8% 20.2%
2011 44% 35.5% 29.6% 20.4%
2010 47.3% 39.1% 30.4% 18.3%
2009 46.8% 34.1% 35% 21.1%
2008 45.4% 19.7% 22% 8.95%
2007 42.1% 11.8% 17.7% 8.89%
2006 42.9% 14.3% 15.6% 5.05%
2005 42.6% 17.1% 15.7% 4.48%
2004 40.1% 23.9% 17.7% 4.08%
2003 37.5% 28.3% 20% 3.33%
2002 36.5% 32.3% 21.3% 3.43%
2001 35.3% 35.3% 25.2% 2.69%
2000 35.4% 43.7% 21.8% 3.12%
1999 26.7% 61% 24.3% 4.73%
1998 38.4% 48.1% 25.8% 4.18%
1997 42.2% 29.9% 22.6% 2.86%
1996 38.2% 24.4% 27.6% 3.48%
1995 42.7% 30.2% 26.1% 5.06%
1994 - - 30.1% 5.58%
1993 - - 31.5% 6.01%
1992 - - 29.6% 5.31%
1991 - - 36% 4.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-arab-emirates | CC BY

In 2025, Ukraine's government spending was $160B, accounting for 74.5% of its GDP, while the United Arab Emirates spent $118B, or 22.6% of GDP.

Debt-to-GDP ratio is 108.7% in Ukraine and 34.3% in the United Arab Emirates, ranking 16/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Ukraine

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Ukraine UAE
2025 -23.3% 5.15%
2024 -17.2% 6.41%
2023 -19.3% 5.82%
2022 -15.6% 9.8%
2021 -3.97% 3.96%
2020 -5.92% -2.42%
2019 -2.08% 2.5%
2018 -2.12% 3.65%
2017 -2.36% -0.16%
2016 -2.46% -2.95%
2015 -1.16% -6.35%
2014 -4.46% 1.74%
2013 -4.6% 7.99%
2012 -4.15% 8.59%
2011 -2.66% 5.05%
2010 -5.56% 0.52%
2009 -6.04% -6.13%
2008 -3.02% 17.6%
2007 -1.89% 17.1%
2006 -1.31% 20.2%
2005 -2.19% 16%
2004 -4.25% 6.4%
2003 -0.86% 2.35%
2002 -1.77% -1.24%
2001 -2.92% 1.21%
2000 -3.18% 10.7%
1999 5.12% 1.31%
1998 -2.78% 1%
1997 -5.56% 6.71%
1996 -3.2% 0.92%
1995 -4.88% 3.58%
1994 - -1.78%
1993 - -2.89%
1992 - 3.34%
1991 - 3.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-arab-emirates | CC BY

In 2024, Ukraine's government deficit, the difference between spending and revenue, was $32.8B, equivalent to 17.2% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 30 years, Ukraine recorded a fiscal deficit in 29 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Ukraine posted an annual deficit equal to 4.41% of GDP, compared to surplus of 4.73% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Ukraine

United Arab Emirates
1x
Year Consumer prices inflation
Ukraine UAE
2025 12.7% 1.3%
2024 6.5% 1.7%
2023 12.9% 1.6%
2022 20.2% 4.8%
2021 9.4% -0.1%
2020 2.7% -2.1%
2019 7.9% -1.9%
2018 10.9% 3.1%
2017 14.4% 2%
2016 13.9% 1.6%
2015 48.7% 4.1%
2014 12.1% 2.3%
2013 -0.3% 1.1%
2012 0.6% 0.7%
2011 8% 0.9%
2010 9.4% 0.9%
2009 15.9% -4.7%
2008 25.2% 12.3%
2007 12.8% 11.1%
2006 9.1% 9.3%
2005 13.5% 6.2%
2004 9% 5%
2003 5.2% 3.1%
2002 0.8% 2.9%
2001 12% 2.8%
2000 28.2% 1.3%
1999 22.7% 2.1%
1998 10.6% 2%
1997 15.9% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-arab-emirates | CC BY

Over the past 29 years, Ukraine has recorded an average annual inflation rate of 12.8%, compared with 2.7% in the United Arab Emirates. In 2025, inflation was 12.7% in Ukraine and 1.3% in the United Arab Emirates.

Top exports between countries

Ukraine
Export category Export value
Processed food, beverages & tobacco $89.1M
Raw agricultural goods $56.6M
Animal & marine products $53.6M
Metals $23.2M
Machinery & equipment $22M
Raw materials & minerals $10.5M
Textiles & consumer goods $4.83M
Chemicals & pharma $3.79M
Wood & paper products $3.58M
Miscellaneous $249K
UAE
Export category Export value
Machinery & equipment $29.8M
Chemicals & pharma $18M
Precious metals & jewellery $7.62M
Textiles & consumer goods $3.02M
Raw agricultural goods $2.3M
Miscellaneous $884K
Wood & paper products $648K
Processed food, beverages & tobacco $634K
Raw materials & minerals $573K
Metals $244K

Balance of trade

Ukraine UAE
Current account balance
-$15.2B
2024
$80B
2024
Current account balance ranking
180/190
2024
9/190
2024
Current account balance, % of GDP
-7.96%
2024
+14.5%
2024
Goods imports
$72.3B
2024
$400B
2024
Goods exports
$39.3B
2024
$467B
2024
Service imports
$23.1B
2024
$117B
2024
Service exports
$17.3B
2024
$181B
2024
Imports of goods and services, % of GDP
51.8%
2025
92.2%
2023
Exports of goods and services, % of GDP
25.3%
2025
106.8%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Ukraine UAE
Economic freedom 54.1 71.9
Economic freedom ranking 135/197 29/197
Property rights 21.6 62.9
Government integrity 35 65.3
Judicial effectiveness 28.2 34.4
Tax burden 83.7 99.9
Government spending 0 85.1
Fiscal health 3.9 97.6
Business freedom 57.4 84.5
Labor freedom 46.9 63.2
Monetary freedom 65.7 81.2
Trade freedom 73 78.6
Investment freedom 35 50
Financial freedom 30 60

Economic freedom comparison by year

Ukraine
United Arab Emirates
1x
Year Economic freedom index
Ukraine UAE
2026 - 71.9
2025 - 71.6
2024 - 71.1
2023 - 70.9
2022 54.1 70.2
2021 56.2 76.9
2020 54.9 76.2
2019 52.3 77.6
2018 51.9 77.6
2017 48.1 76.9
2016 46.8 72.6
2015 46.9 72.4
2014 49.3 71.4
2013 46.3 71.1
2012 46.1 69.3
2011 45.8 67.8
2010 46.4 67.3
2009 48.8 64.7
2008 51 62.6
2007 51.5 62.6
2006 54.4 62.2
2005 55.8 65.2
2004 53.7 67.2
2003 51.1 73.4
2002 48.2 73.6
2001 48.5 74.9
2000 47.8 74.2
1999 43.7 71.5
1998 40.4 72.2
1997 43.5 71.9
1996 40.6 71.6
1995 39.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-arab-emirates | CC BY

The Economic Freedom Index for Ukraine is 54.1, ranking 135/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ukraine UAE
Services, % of GDP
61%
2025
54.9%
2024
Industry, % of GDP
17.9%
2025
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
7.57%
2025
0.77%
2024
GNI, Atlas method
$201B
2025
$566B
2024
GNI per capita, PPP
$18,750
2025
$81,640
2024
Total reserves including gold
$57.3B
2025
$292B
2025
Total reserves ranking
43/177
2025
14/177
2025
Net foreign direct investment
-$3.71B
2024
$31.5B
2024
Net inflows of foreign direct investment
$4.02B
2024
$45.6B
2024
Net outflows of foreign direct investment
$305M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
23.2%
2020
19.5%
2020
Gross capital formation, % of GDP
20.8%
2025
26.6%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-arab-emirates | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.