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Economy of Ukraine vs Vatican compared: GDP & Debt

Updated on by Georank team

Ukraine has a GDP of $191B compared to $19.8M for the Vatican, ranking 57/197 and 197/197 by economy size, respectively.

Ukraine vs Vatican GDP by year

Ukraine
Vatican
1x
Year GDP, current $
Ukraine Vatican
2024 $190,741,262,415 -
2023 $181,221,517,869 -
2022 $161,989,520,721 -
2021 $199,765,859,571 -
2020 $156,617,722,013 -
2019 $153,883,047,510 -
2018 $130,891,088,294 -
2017 $112,090,505,082 -
2016 $93,355,869,404 -
2015 $91,030,967,789 -
2014 $133,503,871,862 -
2013 $190,498,811,460 -
2012 $182,591,753,828 -
2011 $169,333,835,202 -
2010 $141,209,170,427 -
2009 $121,552,153,444 -
2008 $188,110,390,660 -
2007 $148,733,861,386 -
2006 $111,884,752,475 -
2005 $89,238,865,119 -
2004 $67,220,154,164 -
2003 $52,010,355,753 -
2002 $43,956,163,612 -
2001 $39,309,580,983 -
2000 $32,375,083,935 -
1999 $31,580,639,554 -
1998 $41,882,523,345 -
1997 $50,151,531,592 -
1996 $44,558,831,005 -
1995 $48,213,856,469 -
1994 $52,549,580,265 -
1993 $65,648,559,903 -
1992 $73,945,908,384 -
1991 $77,350,733,982 -
1990 $81,393,558,423 -
1989 $82,709,161,099 -
1988 $74,703,517,903 -
1987 $64,087,694,038 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

Economic indicators

Ukraine Vatican
Gross domestic product
$191B
2024
$19.8M
2025
GDP rank
57/197
2024
197/197
2025
GDP growth
2.91%
2023-2024
n/a
GDP per capita
$5,038
2024
$19,800
2025
GDP per capita rank
120/197
2024
59/197
2025
GDP per capita, PPP
$18,550
2024
$39,191
2025
GDP per capita PPP rank
101/197
2024
59/197
2025
Government debt
$171B
2024
n/a
Debt-to-GDP ratio
89.7%
2024
n/a
Government debt per person
$4,520
2024
n/a
Government debt per person rank
86/185
2024
n/a
Average annual personal income after taxes
$5,370
2026
$18,169
2026
Market capitalization of domestic companies
$4.42B
2018
n/a
Number of billionaires
7
2025
n/a
Income share by richest 10%
21.7%
2020
n/a
Income share by poorest 10%
4.3%
2020
n/a
Government expenditure, % of GDP
71.3%
2024
n/a
Consumer prices inflation
6.5%
2023-2024
n/a
Central bank interest rate
15.5%
2025
n/a
Unemployment rate
9.83%
2021
n/a
Population
40125599
936

Balance of trade

Ukraine Vatican
Current account balance
-$15.1B
2024
n/a
Current account balance ranking
179/190
2024
n/a
Current account balance, % of GDP
-7.94%
2024
n/a
Goods imports
$72.3B
2024
n/a
Goods exports
$39.3B
2024
n/a
Service imports
$22.9B
2024
n/a
Service exports
$17.3B
2024
n/a
Imports of goods and services, % of GDP
48.3%
2024
n/a
Exports of goods and services, % of GDP
29.4%
2024
n/a

Economic freedom indices

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

Ukraine Vatican
Economic freedom 54.1 65
Economic freedom ranking 135/197 69/197
Property rights 21.6 n/a
Government integrity 35 n/a
Judicial effectiveness 28.2 n/a
Tax burden 83.7 n/a
Government spending 0 n/a
Fiscal health 3.9 n/a
Business freedom 57.4 n/a
Labor freedom 46.9 n/a
Monetary freedom 65.7 n/a
Trade freedom 73 n/a
Investment freedom 35 n/a
Financial freedom 30 n/a

Other economic metrics

Ukraine Vatican
Services, % of GDP
60.6%
2024
n/a
Industry, % of GDP
19%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
n/a
GNI, Atlas method
$184B
2024
n/a
GNI per capita, PPP
$18,560
2024
n/a
Total reserves including gold
$43.8B
2024
n/a
Total reserves ranking
46/177
2024
n/a
Net foreign direct investment
-$3.71B
2024
n/a
Net inflows of foreign direct investment
$4.02B
2024
n/a
Net outflows of foreign direct investment
$305M
2024
n/a
Servicing debt to the IMF, % of GNI
5.42%
2024
n/a
Poverty at national poverty lines
23.2%
2020
n/a
Gross capital formation, % of GDP
18.6%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2022–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  5. Central Intelligence Agency (CIA) (2019–2025, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.