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Economy of Ukraine vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Ukraine has a GDP of $214B compared to $147B for Uzbekistan, ranking 57/197 and 61/197 by economy size, respectively.

Ukraine has $233B in government debt (108.7% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Ukraine vs Uzbekistan GDP by year

Ukraine
Uzbekistan
1x
Year GDP, current $
Ukraine Uzbekistan
2025 $214,233,312,784 $147,038,081,129
2024 $190,833,835,445 $121,356,065,241
2023 $181,221,517,869 $107,526,539,716
2022 $161,989,520,721 $94,286,355,836
2021 $199,765,859,571 $81,170,051,811
2020 $156,617,722,013 $70,127,127,133
2019 $153,883,047,510 $70,170,662,563
2018 $130,891,088,294 $61,318,332,403
2017 $112,090,505,082 $72,276,404,058
2016 $93,355,869,404 $97,871,364,319
2015 $91,030,967,789 $97,564,568,987
2014 $133,503,871,862 $91,303,765,114
2013 $190,498,811,460 $82,674,178,352
2012 $182,591,753,828 $75,318,846,931
2011 $169,333,835,202 $67,404,618,405
2010 $141,209,170,427 $55,544,226,553
2009 $121,552,153,444 $33,689,223,673
2008 $188,110,390,660 $29,549,438,884
2007 $148,733,861,386 $22,311,393,928
2006 $111,884,752,475 $17,330,833,853
2005 $89,238,865,119 $14,307,509,839
2004 $67,220,154,164 $12,030,023,548
2003 $52,010,355,753 $10,134,453,435
2002 $43,956,163,612 $9,687,788,513
2001 $39,309,580,983 $11,401,421,329
2000 $32,375,083,935 $13,760,513,969
1999 $31,580,639,554 $17,078,465,982
1998 $41,882,523,345 $14,988,971,211
1997 $50,151,531,592 $14,744,603,774
1996 $44,558,831,005 $13,948,892,216
1995 $48,213,856,469 $13,350,461,265
1994 $52,549,580,265 $12,899,074,922
1993 $65,648,559,903 $13,099,920,056
1992 $73,945,908,384 $12,953,801,760
1991 $77,350,733,982 $13,800,167,712
1990 $81,393,558,423 $13,362,340,338
1989 $82,709,161,099 $11,948,815,258
1988 $74,703,517,903 $10,722,799,639
1987 $64,087,694,038 $8,523,160,593

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uzbekistan | CC BY

GDP per capita in Ukraine vs Uzbekistan by year

Ukraine
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ukraine Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,496 - $3,968 -
2024 $5,040 $18,549 $3,337 $11,879
2023 $4,803 $17,665 $3,016 $11,107
2022 $3,946 $14,770 $2,699 $10,293
2021 $4,510 $17,846 $2,370 $9,248
2020 $3,505 $15,541 $2,088 $8,452
2019 $3,423 $14,217 $2,129 $8,544
2018 $2,895 $12,555 $1,894 $8,129
2017 $2,467 $11,536 $2,271 $7,818
2016 $2,047 $10,865 $3,128 $6,919
2015 $1,988 $9,922 $3,173 $6,800
2014 $2,904 $10,494 $3,021 $6,610
2013 $4,130 $10,904 $2,781 $6,413
2012 $3,951 $9,552 $2,574 $6,168
2011 $3,657 $9,127 $2,339 $5,949
2010 $3,040 $8,453 $1,957 $5,505
2009 $2,607 $7,995 $1,206 $5,135
2008 $4,018 $9,324 $1,075 $4,800
2007 $3,160 $8,900 $824 $4,386
2006 $2,366 $7,971 $649 $3,956
2005 $1,875 $7,142 $543 $3,618
2004 $1,401 $6,663 $462 $3,321
2003 $1,076 $5,764 $394 $3,047
2002 $903 $5,123 $381 $2,902
2001 $800 $4,747 $454 $2,782
2000 $653 $4,228 $555 $2,644
1999 $632 $3,871 $698 $2,522
1998 $831 $3,794 $621 $2,418
1997 $987 $3,794 $621 $2,329
1996 $870 $3,812 $597 $2,214
1995 $933 $4,124 $583 $2,178
1994 $1,009 $4,565 $574 $2,197
1993 $1,254 $5,766 $596 $2,318
1992 $1,413 $6,568 $603 $2,371
1991 $1,483 $7,148 $658 $2,676
1990 $1,564 $7,591 $653 $2,665
1989 $1,593 - $598 -
1988 $1,444 - $551 -
1987 $1,244 - $450 -

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uzbekistan | CC BY

Ukraine's GDP per capita is $5,496, ranking 118/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Ukraine ranks 101st at $18,549, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Ukraine Uzbekistan
Gross domestic product
$214B
2025
$147B
2025
GDP rank
57/197
2025
61/197
2025
GDP growth
1.82%
2024-2025
7.7%
2024-2025
GDP per capita
$5,496
2025
$3,968
2025
GDP per capita rank
118/197
2025
134/197
2025
GDP per capita, PPP
$18,549
2024
$11,879
2024
GDP per capita PPP rank
101/197
2024
125/197
2024
Government debt
$233B
2025
$42B
2025
Debt-to-GDP ratio
108.7%
2025
28.6%
2025
Government debt per person
$5,977
2025
$1,134
2025
Government debt per person rank
76/185
2025
139/185
2025
Average annual personal income after taxes
$5,580
2026
$3,560
2026
Market capitalization of domestic companies
$4.42B
2018
$23.7B
2025
Number of billionaires
7
2026
n/a
Income share by richest 10%
21.7%
2020
24.2%
2025
Income share by poorest 10%
4.3%
2020
2.4%
2025
Government expenditure, % of GDP
74.5%
2025
27.4%
2025
Consumer prices inflation
12.7%
2024-2025
8.8%
2024-2025
Central bank interest rate
15.5%
2025
14%
2025
Unemployment rate
9.83%
2021
5.29%
2020
Population
40408451
38082870

Spending and national debt comparison by year

Ukraine
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Ukraine Uzbekistan
Government spending Government debt Government spending Government debt
2025 74.5% 108.7% 27.4% 28.6%
2024 71.2% 89.7% 26.1% 30.9%
2023 73.4% 81.2% 28.6% 30.7%
2022 65.4% 77.7% 30% 29.2%
2021 40.5% 48.9% 26.1% 30.2%
2020 45.6% 60.5% 24.7% 31.9%
2019 41.5% 50.5% 23.4% 24.3%
2018 41.9% 60.4% 21.2% 16.7%
2017 41.7% 71.6% 19.9% 17.3%
2016 40.8% 79.5% 20.5% 7.21%
2015 43% 79.3% 21.7% 5.94%
2014 44.8% 70.3% 22% 5.39%
2013 46.3% 39% 22.3% 5.51%
2012 47.1% 36.1% 21.5% 6.06%
2011 44% 35.5% 21.1% 5.65%
2010 47.3% 39.1% 23.7% 5.92%
2009 46.8% 34.1% 24.7% 6.57%
2008 45.4% 19.7% 23.8% 7.5%
2007 42.1% 11.8% 22.4% 8.6%
2006 42.9% 14.3% 22.3% 12.2%
2005 42.6% 17.1% 25.3% 18.9%
2004 40.1% 23.9% 26.5% 24.2%
2003 37.5% 28.3% 28.4% 28.3%
2002 36.5% 32.3% 31.2% 37.5%
2001 35.3% 35.3% 27.6% 40.4%
2000 35.4% 43.7% 29.6% 26.5%
1999 26.7% 61% 30.3% 16.6%
1998 38.4% 48.1% 31.6% 16.2%
1997 42.2% 29.9% 28.7% 13.8%
1996 38.2% 24.4% 31.6% -
1995 42.7% 30.2% 26.5% -
1994 - - 24.4% -
1993 - - 35.6% -
1992 - - 16.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uzbekistan | CC BY

In 2025, Ukraine's government spending was $160B, accounting for 74.5% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 108.7% in Ukraine and 28.6% in Uzbekistan, ranking 16/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Ukraine

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Ukraine Uzbekistan
2025 -23.3% -1.66%
2024 -17.2% -2.25%
2023 -19.3% -3.85%
2022 -15.6% -3.49%
2021 -3.97% -3.9%
2020 -5.92% -2.8%
2019 -2.08% -0.29%
2018 -2.12% 1.57%
2017 -2.36% 1.04%
2016 -2.46% 0.62%
2015 -1.16% -0.24%
2014 -4.46% 1.68%
2013 -4.6% 1.9%
2012 -4.15% 5.28%
2011 -2.66% 4.56%
2010 -5.56% 2.29%
2009 -6.04% 1.64%
2008 -3.02% 5.38%
2007 -1.89% 3.2%
2006 -1.31% 2.45%
2005 -2.19% -3.17%
2004 -4.25% -3.37%
2003 -0.86% -4.39%
2002 -1.77% -5.69%
2001 -2.92% -2.95%
2000 -3.18% -3.29%
1999 5.12% -2.62%
1998 -2.78% -2.74%
1997 -5.56% -1.85%
1996 -3.2% -1.41%
1995 -4.88% -1.59%
1994 - -4.03%
1993 - -10.8%
1992 - 6.44%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/uzbekistan | 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 Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 31 years, Ukraine recorded a fiscal deficit in 30 of those years, while Uzbekistan ran a deficit in 19 years. On average, Ukraine posted an annual deficit equal to 5.02% of GDP, compared to deficit of 0.64% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Ukraine

Uzbekistan
1x
Year Consumer prices inflation
Ukraine Uzbekistan
2025 12.7% 8.8%
2024 6.5% 9.6%
2023 12.9% 10%
2022 20.2% 11.4%
2021 9.4% 10.8%
2020 2.7% 12.9%
2019 7.9% 14.5%
2018 10.9% 17.5%
2017 14.4% 13.9%
2016 13.9% 8.8%
2015 48.7% 8.5%
2014 12.1% 9.1%
2013 -0.3% 11.7%
2012 0.6% 11.9%
2011 8% 12.4%
2010 9.4% 12.3%
2009 15.9% 12.3%
2008 25.2% 13.1%
2007 12.8% 11.2%
2006 9.1% 13.1%
2005 13.5% 10.7%
2004 9% 7.3%
2003 5.2% 12.5%
2002 0.8% 27.3%
2001 12% 27.3%
2000 28.2% 25%
1999 22.7% 29.1%
1998 10.6% 29%
1997 15.9% 70.9%

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

GeoRank.org/economy/ukraine/uzbekistan | CC BY

Over the past 29 years, Ukraine has recorded an average annual inflation rate of 12.8%, compared with 16.3% in Uzbekistan. In 2025, inflation was 12.7% in Ukraine and 8.8% in Uzbekistan.

Top exports between countries

Ukraine
Export category Export value
Chemicals & pharma $66.3M
Machinery & equipment $37M
Processed food, beverages & tobacco $27.7M
Metals $10.9M
Animal & marine products $10.5M
Textiles & consumer goods $8.12M
Wood & paper products $2.56M
Raw materials & minerals $2.22M
Raw agricultural goods $1.79M
Miscellaneous $17K
Uzbekistan
Export category Export value
Textiles & consumer goods $34.3M
Metals $11.5M
Raw agricultural goods $10.7M
Chemicals & pharma $5.16M
Raw materials & minerals $3.92M
Machinery & equipment $3.66M
Processed food, beverages & tobacco $1.2M
Animal & marine products $213K
Wood & paper products $185K
Business & finance services $178K

Balance of trade

Ukraine Uzbekistan
Current account balance
-$15.2B
2024
-$5.78B
2025
Current account balance ranking
180/190
2024
167/190
2025
Current account balance, % of GDP
-7.96%
2024
-3.93%
2025
Goods imports
$72.3B
2024
$38.5B
2025
Goods exports
$39.3B
2024
$23B
2025
Service imports
$23.1B
2024
$13.6B
2025
Service exports
$17.3B
2024
$9.27B
2025
Imports of goods and services, % of GDP
51.8%
2025
35.4%
2025
Exports of goods and services, % of GDP
25.3%
2025
22%
2025

Economic freedom indices

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

Ukraine Uzbekistan
Economic freedom 54.1 60.3
Economic freedom ranking 135/197 94/197
Property rights 21.6 43.1
Government integrity 35 32
Judicial effectiveness 28.2 13.7
Tax burden 83.7 95
Government spending 0 73.7
Fiscal health 3.9 79.9
Business freedom 57.4 62.5
Labor freedom 46.9 48.4
Monetary freedom 65.7 65.1
Trade freedom 73 80.6
Investment freedom 35 70
Financial freedom 30 60

Economic freedom comparison by year

Ukraine
Uzbekistan
1x
Year Economic freedom index
Ukraine Uzbekistan
2026 - 60.3
2025 - 58
2024 - 55.9
2023 - 56.5
2022 54.1 55.7
2021 56.2 58.3
2020 54.9 57.2
2019 52.3 53.3
2018 51.9 51.5
2017 48.1 52.3
2016 46.8 46
2015 46.9 47
2014 49.3 46.5
2013 46.3 46
2012 46.1 45.8
2011 45.8 45.8
2010 46.4 47.5
2009 48.8 50.5
2008 51 51.9
2007 51.5 51.5
2006 54.4 48.7
2005 55.8 45.8
2004 53.7 39.1
2003 51.1 38.3
2002 48.2 38.5
2001 48.5 38.2
2000 47.8 38.1
1999 43.7 33.8
1998 40.4 31.5
1997 43.5 -
1996 40.6 -
1995 39.9 -

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

GeoRank.org/economy/ukraine/uzbekistan | CC BY

The Economic Freedom Index for Ukraine is 54.1, ranking 135/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ukraine Uzbekistan
Services, % of GDP
61%
2025
46.5%
2025
Industry, % of GDP
17.9%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
7.57%
2025
16.6%
2025
GNI, Atlas method
$201B
2025
$136B
2025
GNI per capita, PPP
$18,750
2025
$13,640
2025
Total reserves including gold
$57.3B
2025
$41.2B
2024
Total reserves ranking
43/177
2025
53/177
2024
Net foreign direct investment
-$3.71B
2024
-$4.24B
2025
Net inflows of foreign direct investment
$4.02B
2024
$2.97B
2024
Net outflows of foreign direct investment
$305M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
9.37%
2024
Poverty at national poverty lines
23.2%
2020
5.8%
2025
Gross capital formation, % of GDP
20.8%
2025
33.3%
2025

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/uzbekistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, 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 (2021–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.