ersified heavy industry supplied equipment and raw
materials to industrial and mining sites in other regions of the
former USSR. In early 1992, the Ukrainian Government liberalized
most prices and erected a legal framework for privatization, but
widespread resistance to reform within the government and the
legislature soon stalled reform efforts and led to some
backtracking. Loose monetary policies pushed inflation to
hyperinflationary levels in late 1993. Since his election in July
1994, President KUCHMA has developed a comprehensive economic reform
program, maintained financial discipline, and removed almost all
controls over prices and foreign trade. Implementation of KUCHMA's
economic agenda is encountering considerable resistance from
parliament, entrenched bureaucrats, and industrial interests.
However, should KUCHMA succeed in implementing aggressive market
reforms during 1996, the economy may stabilize and possibly achieve
real growth in the range of 0.5%-1%.

GDP: purchasing power parity - $174.6 billion (1995 estimate as
extrapolated from World Bank estimate for 1994)

GDP real growth rate: -4% (1995 est.)

GDP per capita: $3,370 (1995 est.)

GDP composition by sector:
agriculture: 31%
industry: 43%
services: 26% (1993 est.)

Inflation rate (consumer prices): 9% monthly average (1995)

Labor force: 23.55 million (January 1994)
by occupation: industry and construction 33%, agriculture and
forestry 21%, health, education, and culture 16%, trade and
distribution 7%, transport and communication 7%, other 16% (1992)

Unemployment rate: 0.7% officially registered; large number of
unregistered or underemployed workers (December 1995)

Budget:
revenues: $NA
expenditures: $NA, including capital expenditures of $NA

Industries: coal, electric power, ferrous and nonferrous metals,
machinery and transport equipment, chemicals, food-processing
(especially sugar)

Industrial production growth rate: -11% (1995 est.)

Electricity:
capacity: 54,380,000 kW
production: 192.1 billion kWh
consumption per capita: 3,200 kWh (1995 est.)

Agriculture: grain, sugar beets, vegetables; meat, milk

Illicit drugs: illicit cultivator of cannabis and opium poppy;
mostly for CIS consumption; limited government eradication program;
used as transshipment point for illicit drugs to Western Europe

Exports: $11.3 billion (1995)
commodities: coal, electric po