As the war continues, Ukraine's GDP and economy are in a precarious state. The economy peaked at $200 billion in 2021 but experienced a decline to $160 billion in 2022, with a slight recovery to $180 billion in 2023. Military expenditures accounted for one-third of GDP, at $65 billion. Before the conflict, Ukraine was a major producer of agricultural goods, specifically wheat and corn, but crop production has decreased by 30% due to the war. Nations have pledged over $80 billion to assist in economic recovery after the war concludes.
Ukraine's military spending last year was approximately $65 billion, equating to one-third of its GDP. The economic situation shows significant challenges as the war affects productivity.
The GDP of Ukraine peaked at $200 billion in 2021, fell to $160 billion in 2022, and showed slight recovery at $180 billion in 2023, indicating ongoing economic hardships.
Ukraine was a leading global producer of wheat and corn before the war, but production has decreased by as much as 30% due to conflict-related disruptions in farmland.
Over $80 billion in funds have been pledged by nations to help revive Ukraine's economy post-war, indicating a long road ahead for economic recovery and rebuilding.
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