Every 100 000 refugees reduce Ukraine’s GDP by $1B.

Friday, August 11, 2023
Every 100 000 refugees reduce Ukraine’s GDP by $1B.

Considering that Ukraine’s pre-war, 2021 GDP was almost $200B, the forced emigration of every 100,000 Ukrainians due to the Russian invasion has caused a decrease in Ukraine’s annual GDP by about $1B, writes the WSJ.

As the publication notes, as a result of the full-scale invasion, nearly eight million people left Ukraine, and most of them hoped that this emigration would be short-lived. However, according to the UN, about 6.2 million Ukrainians remain abroad, indicating that only about 1.8 million have returned to their Motherland.

It is also reported that a survey conducted by the UN International Organization for Migration in May-June 2023 showed that about a million Ukrainians who had been abroad returned to their place of origin for a visit or permanent residence. Another 353,000 people returned from abroad but remain displaced within Ukraine.

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