Ukrainian Economy in One Picture

Below is a graph based on data from the National Bank of Ukraine. It shows direct investment in lined, and remittances from workers abroad in white. The data for 2018 are for only 9 months.

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This means that the number of people forced to work outside the country grew rapidly. It is highly likely most of Ukraine’s economic growth is due to remittances sent when you consider that the VAT is the major source of revenue for the Ukrainian budget.

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