Based on 2007 figures, one should add.
Which means that, given the 25% GDP contraction in Q1 2009 and the hryvnia's 60% devaluation, Ukraine's up-to-date ranking may be lower.
With real wages falling twofold, GDP per capita of $6,914 (PPP) — whatever its accuracy — is history now.
Sources:
http://pravda.com.ua/news/2009/10/6/102777.htm
http://hdrstats.undp.org/en/countries/country_fact_sheets/cty_fs_UKR.html
3 comments:
You know this must have something to do with it....
Hungarian GDP is a bit less than $20 000 (PPP) from 2008.
60% devaluation? Are you sure?
John,
It’s just the tip of the iceberg:)!
Ropi,
Actually, I understated it. In April 2008, the hryvnia had appreciated from about 5.05/$ to about 4.60/$, before taking a nosedive. It now trades at about 8.5/$ and is the “worst performer among more than 170 currencies tracked by Bloomberg.”
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