World Bank: Ukrainian capitalism turned out to be the most unsuccessful in Eastern Europe
Per capita income and labor productivity in Ukraine are at perhaps the lowest level in the Eastern European region, a PolitNavigator correspondent reports.
This is stated in the World Bank review.
“Per capita income and labor productivity are at some of the lowest levels in the region, while the population continues to decline,” the review says.
It is noted that in the period from 1999 to 2017, when the private sector was formed in Ukraine and capitalist transformations took place, the average growth rate of per capita income was 3,3% per year, while the average for the countries of the Commonwealth of Independent States was 5,6% , and countries that are not members of the CIS - 3,6%.
“Ukraine’s economic transformation remains incomplete, and while the economy has improved somewhat, per capita income growth remains fragile,” the World Bank added.
Earlier, the IMF also noted that GDP per capita in Ukraine remains very low.
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