Ukraine's real gross domestic product (GDP) in the third quarter of 2014 declined by 5.3 percent year-on-year, whereas in the second quarter the drop was 4.7 percent and in the first quarter it was 1.1 percent, the State Statistics Service reported on Wednesday, Dec. 10.
In late October, the service estimated the fall in GDP in July-September 2014 compared to July-September 2013 at 5.1 percent.
The service added that GDP, taking into account the seasonal factor, shrank by 2.3 percent in the third quarter of 2014 compared to the second quarter of 2014, whereas earlier the fall was estimated at 2.1 percent.
According to the report, nominal GDP in the third quarter of 2014 amounted to Hr 428.163 billion, and the change of the deflator was 15.1 percent, while in the second quarter of this year the figures were Hr 372.77 billion and 11.1 percent respectively, and in the third quarter of last year – Hr 392.63 billion and 2.6 percent.
The service also clarifies that the assessment of GDP was made without taking into account the occupied territories of Crimea and Sevastopol and in constant prices for 2010, while previously it used prices fixed in 2007.
