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Economy of Ukraine vs United States compared: GDP & Debt

Updated on by Georank

Ukraine has a GDP of $214B compared to $30.8T for the United States, ranking 57/197 and 1/197 by economy size, respectively.

Ukraine has $233B in government debt (108.7% of GDP), compared to $38.1T (123.9% of GDP) in the United States.

Ukraine vs United States GDP by year

Ukraine
United States
1x
Year GDP, current $
Ukraine United States
2025 $214,233,312,784 $30,769,700,000,000
2024 $190,833,835,445 $29,298,013,000,000
2023 $181,221,517,869 $27,811,517,000,000
2022 $161,989,520,721 $26,054,614,000,000
2021 $199,765,859,571 $23,725,645,000,000
2020 $156,617,722,013 $21,375,281,000,000
2019 $153,883,047,510 $21,539,982,000,000
2018 $130,891,088,294 $20,656,516,000,000
2017 $112,090,505,082 $19,612,102,000,000
2016 $93,355,869,404 $18,804,913,000,000
2015 $91,030,967,789 $18,295,019,000,000
2014 $133,503,871,862 $17,608,138,000,000
2013 $190,498,811,460 $16,880,683,000,000
2012 $182,591,753,828 $16,253,970,000,000
2011 $169,333,835,202 $15,599,732,000,000
2010 $141,209,170,427 $15,048,971,000,000
2009 $121,552,153,444 $14,478,067,000,000
2008 $188,110,390,660 $14,769,862,000,000
2007 $148,733,861,386 $14,474,228,000,000
2006 $111,884,752,475 $13,815,583,000,000
2005 $89,238,865,119 $13,039,197,000,000
2004 $67,220,154,164 $12,217,196,000,000
2003 $52,010,355,753 $11,456,450,000,000
2002 $43,956,163,612 $10,929,108,000,000
2001 $39,309,580,983 $10,581,929,000,000
2000 $32,375,083,935 $10,250,952,000,000
1999 $31,580,639,554 $9,631,172,000,000
1998 $41,882,523,345 $9,062,817,000,000
1997 $50,151,531,592 $8,577,552,000,000
1996 $44,558,831,005 $8,073,122,000,000
1995 $48,213,856,469 $7,639,749,000,000
1994 $52,549,580,265 $7,287,236,000,000
1993 $65,648,559,903 $6,858,559,000,000
1992 $73,945,908,384 $6,520,327,000,000
1991 $77,350,733,982 $6,158,129,000,000
1990 $81,393,558,423 $5,963,144,000,000
1989 $82,709,161,099 $5,641,580,000,000
1988 $74,703,517,903 $5,236,438,000,000
1987 $64,087,694,038 $4,855,215,000,000
1986 - $4,579,631,000,000
1985 - $4,338,979,000,000
1984 - $4,037,613,000,000
1983 - $3,634,038,000,000
1982 - $3,343,789,000,000
1981 - $3,207,041,000,000
1980 - $2,857,307,000,000
1979 - $2,627,333,000,000
1978 - $2,351,599,000,000
1977 - $2,081,826,000,000
1976 - $1,873,412,000,000
1975 - $1,684,904,000,000
1974 - $1,545,243,000,000
1973 - $1,425,376,000,000
1972 - $1,279,110,000,000
1971 - $1,164,850,000,000
1970 - $1,073,303,000,000
1969 - $1,017,438,172,414
1968 - $940,225,000,000
1967 - $859,620,034,483
1966 - $813,032,758,621
1965 - $741,904,862,069
1964 - $684,144,620,690
1963 - $637,058,551,724
1962 - $603,639,413,793
1961 - $561,940,310,345
1960 - $541,988,586,207

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-states | CC BY

GDP per capita in Ukraine vs United States by year

Ukraine
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ukraine United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,496 - $90,027 -
2024 $5,040 $18,549 $86,143 $85,810
2023 $4,803 $17,665 $83,041 $82,305
2022 $3,946 $14,770 $78,178 $77,861
2021 $4,510 $17,846 $71,486 $71,307
2020 $3,505 $15,541 $64,475 $64,402
2019 $3,423 $14,217 $65,605 $65,228
2018 $2,895 $12,555 $63,201 $62,876
2017 $2,467 $11,536 $60,322 $60,048
2016 $2,047 $10,865 $58,207 $57,977
2015 $1,988 $9,922 $57,040 $56,849
2014 $2,904 $10,494 $55,304 $55,153
2013 $4,130 $10,904 $53,410 $53,297
2012 $3,951 $9,552 $51,784 $51,708
2011 $3,657 $9,127 $50,066 $50,025
2010 $3,040 $8,453 $48,651 $48,643
2009 $2,607 $7,995 $47,195 $47,195
2008 $4,018 $9,324 $48,570 $48,570
2007 $3,160 $8,900 $48,050 $48,050
2006 $2,366 $7,971 $46,302 $46,302
2005 $1,875 $7,142 $44,123 $44,123
2004 $1,401 $6,663 $41,725 $41,725
2003 $1,076 $5,764 $39,490 $39,490
2002 $903 $5,123 $37,998 $37,998
2001 $800 $4,747 $37,134 $37,134
2000 $653 $4,228 $36,330 $36,330
1999 $632 $3,871 $34,484 $34,515
1998 $831 $3,794 $32,823 $32,854
1997 $987 $3,794 $31,430 $31,459
1996 $870 $3,812 $29,937 $29,968
1995 $933 $4,124 $28,661 $28,691
1994 $1,009 $4,565 $27,662 $27,695
1993 $1,254 $5,766 $26,353 $26,387
1992 $1,413 $6,568 $25,381 $25,419
1991 $1,483 $7,148 $24,293 $24,342
1990 $1,564 $7,591 $23,840 $23,889
1989 $1,593 - $22,857 -
1988 $1,444 - $21,417 -
1987 $1,244 - $20,039 -
1986 - - $19,071 -
1985 - - $18,237 -
1984 - - $17,121 -
1983 - - $15,544 -
1982 - - $14,434 -
1981 - - $13,976 -
1980 - - $12,613 -
1979 - - $11,674 -
1978 - - $10,565 -
1977 - - $9,453 -
1976 - - $8,592 -
1975 - - $7,801 -
1974 - - $7,226 -
1973 - - $6,726 -
1972 - - $6,094 -
1971 - - $5,609 -
1970 - - $5,234 -
1969 - - $5,020 -
1968 - - $4,685 -
1967 - - $4,326 -
1966 - - $4,136 -
1965 - - $3,818 -
1964 - - $3,565 -
1963 - - $3,366 -
1962 - - $3,236 -
1961 - - $3,059 -
1960 - - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08); U.S. Census Bureau (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-states | CC BY

Ukraine's GDP per capita is $5,496, ranking 118/197, compared to $90,027 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), Ukraine ranks 101st at $18,549, while the United States ranks 12th at $85,810.

Economic indicators

Ukraine United States
Gross domestic product
$214B
2025
$30.8T
2025
GDP rank
57/197
2025
1/197
2025
GDP growth
1.82%
2024-2025
2.16%
2024-2025
GDP per capita
$5,496
2025
$90,027
2025
GDP per capita rank
118/197
2025
10/197
2025
GDP per capita, PPP
$18,549
2024
$85,810
2024
GDP per capita PPP rank
101/197
2024
12/197
2024
Government debt
$233B
2025
$38.1T
2025
Debt-to-GDP ratio
108.7%
2025
123.9%
2025
Government debt per person
$5,977
2025
$111,531
2025
Government debt per person rank
76/185
2025
2/185
2025
Average annual personal income after taxes
$5,580
2026
$54,600
2026
Market capitalization of domestic companies
$4.42B
2018
$68.9T
2025
Number of millionaires n/a
23,627,000
2026
Number of billionaires
7
2026
989
2026
Income share by richest 10%
21.7%
2020
30.7%
2024
Income share by poorest 10%
4.3%
2020
1.7%
2024
Government expenditure, % of GDP
74.5%
2025
37.7%
2025
Consumer prices inflation
12.7%
2024-2025
2.95%
2023-2024
Central bank interest rate
15.5%
2025
3.75%
2025
Unemployment rate
9.83%
2021
4.28%
2025
Population
40408451
344434632

Spending and national debt comparison by year

Ukraine
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Ukraine United States
Government spending Government debt Government spending Government debt
2025 74.5% 108.7% 37.7% 123.9%
2024 71.2% 89.7% 37.7% 122.3%
2023 73.4% 81.2% 37.5% 120%
2022 65.4% 77.7% 36.8% 119.1%
2021 40.5% 48.9% 43.2% 125%
2020 45.6% 60.5% 44.7% 132.6%
2019 41.5% 50.5% 35.8% 108.8%
2018 41.9% 60.4% 35.3% 107.7%
2017 41.7% 71.6% 35.2% 106.4%
2016 40.8% 79.5% 35.3% 107.4%
2015 43% 79.3% 35% 105.4%
2014 44.8% 70.3% 35.3% 104.9%
2013 46.3% 39% 35.8% 105%
2012 47.1% 36.1% 37.2% 103.7%
2011 44% 35.5% 38.8% 100%
2010 47.3% 39.1% 39.8% 95.7%
2009 46.8% 34.1% 41.4% 87.1%
2008 45.4% 19.7% 37.1% 73.8%
2007 42.1% 11.8% 34.6% 64.9%
2006 42.9% 14.3% 33.7% 64.5%
2005 42.6% 17.1% 33.9% 65.8%
2004 40.1% 23.9% 33.7% 66.4%
2003 37.5% 28.3% 34% 59%
2002 36.5% 32.3% 33.7% 55.9%
2001 35.3% 35.3% 32.8% 53.5%
2000 35.4% 43.7% 31.7% 54.5%
1999 26.7% 61% 32.2% 60.5%
1998 38.4% 48.1% 32.8% 64.2%
1997 42.2% 29.9% 33.7% 67.4%
1996 38.2% 24.4% 34.7% 69.9%
1995 42.7% 30.2% 35.5% 70.7%
1994 - - 35.5% 71.1%
1993 - - 36.4% 71.9%
1992 - - 36.7% 70.3%
1991 - - 35.7% 67.9%
1990 - - 34.5% 63.1%
1989 - - 33.7% 61.6%
1988 - - 33.7% 61.3%
1987 - - 34.3% 60.6%
1986 - - 34.8% 58.9%
1985 - - 34.5% 55.4%
1984 - - 34.3% 50.6%
1983 - - 35.7% 48.9%
1982 - - 35.8% 45.9%
1981 - - 33.9% 41.1%
1980 - - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-states | CC BY

In 2025, Ukraine's government spending was $160B, accounting for 74.5% of its GDP, while the United States spent $11.6T, or 37.7% of GDP.

Debt-to-GDP ratio is 108.7% in Ukraine and 123.9% in the United States, ranking 16/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Ukraine

United States
1x
Year Deficit/surplus, % of GDP
Ukraine United States
2025 -23.3% -6.82%
2024 -17.2% -7.86%
2023 -19.3% -7.89%
2022 -15.6% -3.72%
2021 -3.97% -11.5%
2020 -5.92% -14.1%
2019 -2.08% -5.81%
2018 -2.12% -5.33%
2017 -2.36% -4.79%
2016 -2.46% -4.36%
2015 -1.16% -3.53%
2014 -4.46% -4.03%
2013 -4.6% -4.56%
2012 -4.15% -8.11%
2011 -2.66% -9.72%
2010 -5.56% -11%
2009 -6.04% -13.2%
2008 -3.02% -6.61%
2007 -1.89% -2.91%
2006 -1.31% -2.04%
2005 -2.19% -3.07%
2004 -4.25% -4.24%
2003 -0.86% -4.77%
2002 -1.77% -3.82%
2001 -2.92% -0.54%
2000 -3.18% 3.62%
1999 5.12% 2.71%
1998 -2.78% 2.18%
1997 -5.56% 0.88%
1996 -3.2% -0.46%
1995 -4.88% -1.7%
1994 - -2.05%
1993 - -3.35%
1992 - -3.98%
1991 - -2.72%
1990 - -1.64%
1989 - -0.8%
1988 - -1.06%
1987 - -1.53%
1986 - -2.81%
1985 - -2.63%
1984 - -2.97%
1983 - -4.26%
1982 - -3.78%
1981 - -1.58%
1980 - -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-states | CC BY

In 2025, Ukraine's government deficit, the difference between spending and revenue, was $50B, equivalent to 23.3% of GDP. This compares to the United States' deficit of $2.1T, or 6.82% of GDP.

Over the past 31 years, Ukraine recorded a fiscal deficit in 30 of those years, while the United States ran a deficit in 27 years. On average, Ukraine posted an annual deficit equal to 5.02% of GDP, compared to deficit of 4.74% of GDP for the United States.

Inflation comparison by year

Inflation
Ukraine

United States
1x
Year Consumer prices inflation
Ukraine United States
2025 12.7% -
2024 6.5% 2.95%
2023 12.9% 4.12%
2022 20.2% 8%
2021 9.4% 4.7%
2020 2.7% 1.23%
2019 7.9% 1.81%
2018 10.9% 2.44%
2017 14.4% 2.13%
2016 13.9% 1.26%
2015 48.7% 0.12%
2014 12.1% 1.62%
2013 -0.3% 1.46%
2012 0.6% 2.07%
2011 8% 3.16%
2010 9.4% 1.64%
2009 15.9% -0.36%
2008 25.2% 3.84%
2007 12.8% 2.85%
2006 9.1% 3.23%
2005 13.5% 3.39%
2004 9% 2.68%
2003 5.2% 2.27%
2002 0.8% 1.59%
2001 12% 2.83%
2000 28.2% 3.38%
1999 22.7% 2.19%
1998 10.6% 1.55%
1997 15.9% 2.34%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2024, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/united-states | CC BY

Over the past 28 years, Ukraine has recorded an average annual inflation rate of 12.8%, compared with 2.52% in the United States. In 2024, inflation was 12.7% in Ukraine and 2.95% in the United States.

Top exports between countries

Ukraine
Export category Export value
IT & IP services $1.42B
Metals $531M
Business & finance services $271M
Transport & tourism services $247M
Processed food, beverages & tobacco $99.7M
Machinery & equipment $60.9M
Chemicals & pharma $55.6M
Raw materials & minerals $42.9M
Animal & marine products $31.1M
Textiles & consumer goods $29.4M
United States
Export category Export value
Machinery & equipment $1.38B
Weapons & explosives $365M
Raw materials & minerals $254M
Chemicals & pharma $97.4M
Metals $78.2M
Textiles & consumer goods $75.8M
Miscellaneous $54.3M
Animal & marine products $48.1M
Processed food, beverages & tobacco $18.9M
Raw agricultural goods $9.67M

Balance of trade

Ukraine United States
Current account balance
-$15.2B
2024
-$1.12T
2025
Current account balance ranking
180/190
2024
190/190
2025
Current account balance, % of GDP
-7.96%
2024
-3.63%
2025
Goods imports
$72.3B
2024
$3.44T
2025
Goods exports
$39.3B
2024
$2.2T
2025
Service imports
$23.1B
2024
$903B
2025
Service exports
$17.3B
2024
$1.23T
2025
Imports of goods and services, % of GDP
51.8%
2025
14%
2024
Exports of goods and services, % of GDP
25.3%
2025
11%
2024

Economic freedom indices

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

Ukraine United States
Economic freedom 54.1 72.8
Economic freedom ranking 135/197 27/197
Property rights 21.6 91.6
Government integrity 35 77.1
Judicial effectiveness 28.2 76.4
Tax burden 83.7 75.3
Government spending 0 57.9
Fiscal health 3.9 18.5
Business freedom 57.4 88.6
Labor freedom 46.9 76.3
Monetary freedom 65.7 84.2
Trade freedom 73 67.6
Investment freedom 35 80
Financial freedom 30 80

Economic freedom comparison by year

Ukraine
United States
1x
Year Economic freedom index
Ukraine United States
2026 - 72.8
2025 - 70.2
2024 - 70.1
2023 - 70.6
2022 54.1 72.1
2021 56.2 74.8
2020 54.9 76.6
2019 52.3 76.8
2018 51.9 75.7
2017 48.1 75.1
2016 46.8 75.4
2015 46.9 76.2
2014 49.3 75.5
2013 46.3 76
2012 46.1 76.3
2011 45.8 77.8
2010 46.4 78
2009 48.8 80.7
2008 51 81
2007 51.5 81.2
2006 54.4 81.2
2005 55.8 79.9
2004 53.7 78.7
2003 51.1 78.2
2002 48.2 78.4
2001 48.5 79.1
2000 47.8 76.4
1999 43.7 75.5
1998 40.4 75.4
1997 43.5 75.6
1996 40.6 76.7
1995 39.9 76.7

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

GeoRank.org/economy/ukraine/united-states | CC BY

The Economic Freedom Index for Ukraine is 54.1, ranking 135/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ukraine United States
Services, % of GDP
61%
2025
79.7%
2024
Industry, % of GDP
17.9%
2025
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
7.57%
2025
0.85%
2024
GNI, Atlas method
$201B
2025
$30.4T
2025
GNI per capita, PPP
$18,750
2025
$89,490
2025
Total reserves including gold
$57.3B
2025
$1.39T
2025
Total reserves ranking
43/177
2025
2/177
2025
Net foreign direct investment
-$3.71B
2024
$21.7B
2025
Net inflows of foreign direct investment
$4.02B
2024
$297B
2024
Net outflows of foreign direct investment
$305M
2024
$322B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
23.2%
2020
15.1%
2020
Gross capital formation, % of GDP
20.8%
2025
21.5%
2024

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-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1960–2026, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.