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MACROECONOMIC ENVIRONMENT
Table : Key macroeconomic indicators in Ukraine ( Jan-Sept 2015 )
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2015 |
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Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
MACROECONOMIC INDICATORS
Q1 |
Q2 |
Q3 |
GDP ( bn USD ) |
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17.353 |
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20.795 |
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GDP growth , % y-o-y |
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-51% |
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-35% |
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Export of goods ( bn USD ) |
2.98 |
2.99 |
3.45 |
3.07 |
2.94 |
3.09 |
3.15 |
3.09 |
3.35 |
Export growth , % y-o-y |
-32% |
-37% |
-32% |
-39% |
-41% |
-30% |
-34% |
-22% |
-22% |
Import of goods ( bn USD ) |
3.01 |
2.86 |
3.17 |
2.86 |
2.63 |
2.76 |
2.98 |
3.88 |
3.24 |
Import growth , % y-o-y |
-34% |
-41% |
-35% |
-38% |
-46% |
-37% |
-34% |
-2% |
-30% |
Industrial production sales ( bn USD ) |
6.01 |
4.56 |
5.51 |
5.91 |
5.65 |
5.79 |
5.71 |
5.42 |
5.72 |
Industrial production growth , % y-o-y |
-41% |
-54% |
-45% |
-33% |
-38% |
-35% |
-33% |
-23% |
-20% |
Retail turnover of enterprises ( bn USD ) |
1.97 |
2.72 |
4.47 |
6.24 |
8.71 |
10.41 |
12.10 |
14.05 |
15.81 |
Retail turnover growth , % y-o-y |
-50% |
-63% |
-56% |
-45% |
-39% |
-39% |
-41% |
-34% |
-35% |
Unemployment rate |
2.0 |
2.0 |
1.9 |
1.8 |
1.8 |
1.7 |
1.6 |
1.6 |
1.5 |
Average salary ( USD ) |
218 |
148 |
166 |
176 |
193 |
202 |
202 |
194 |
199 |
OFFICIAL CURRENCY EXCHANGE RATE
UAH / USD |
15.8 |
24.5 |
23.3 |
22.7 |
20.9 |
21.2 |
21.8 |
21.6 |
21.8 |
UAH / EUR |
18.5 |
27.8 |
25.3 |
24.5 |
23.3 |
23.8 |
23.9 |
24.0 |
24.5 |
PHARMACEUTI CAL INDUSTRY INDICATORS |
Export of pharma products ( mio USD ) |
11.79 |
12.05 |
13.37 |
13.46 |
13.00 |
15.36 |
13.85 |
9.01 |
13.79 |
Pharma Export growth , % y-o-y |
-1% |
-42% |
-50% |
-44% |
-39% |
-39% |
-6% |
-54% |
-47% |
Import of pharma products ( mio USD ) |
90.2 |
114.5 |
103.3 |
103.7 |
84.2 |
115.0 |
106.5 |
93.3 |
121.1 |
Pharma Import growth , % y-o-y |
-49% |
-47% |
-67% |
-36% |
-60% |
-44% |
-47% |
-47% |
-31% |
Pharma retail sales , values ( mio USD ) |
239.8 |
177.0 |
197.6 |
180.0 |
193.0 |
177.7 |
172.6 |
177.1 |
193.2 |
Retail sales in values growth , % y-o-y |
-41% |
-54% |
-47% |
-40% |
-28% |
-29% |
-32% |
-24% |
-28% |
Pharma retail trade , volumes ( mio units ) |
132.4 |
143.9 |
141.5 |
122.6 |
124.5 |
118.4 |
119.5 |
122.5 |
126.7 |
Retail sales in volumes growth , % y-o-y |
-21% |
-15% |
-21% |
-20% |
-11% |
-9% |
-10% |
-8% |
-11% |
WACP , USD |
1.95 |
1.81 |
1.24 |
1.41 |
1.47 |
1.52 |
1.48 |
1.45 |
1.52 |
WACP growth , % y-o-y |
-21% |
-22% |
-40% |
-27% |
-23% |
-21% |
-23% |
-18% |
-19% |
CPI of Ukraine |
128.5 |
134.5 |
145.8 |
160.9 |
158.4 |
157.5 |
155.3 |
152.8 |
151.9 |
Pharma products CPI 149.2 155.5 170.3 164.7 159.5 153.5 151.8 149.4 145.8 Local companies share , values , % 38.7 38.5 39.6 40.7 41.5 41.7 41.8 41.4 41.4
Local companies share , volumes , % 74.9 75.2 77.1 77.6 77.6 77.9 78.4 78.2 76.5
Description of the indicators : Macroeconomic Indicators
GDP ( Gross Domestic Product ) is an aggregate measure of production equal to the sum of the gross values added of all resident , institutional units engaged in production ( plus any taxes , and minus any subsidies , on products not included in the value of their outputs ) calculated in current prices . Converted from UAH to USD in accordance with an average official NBU exchange rate in the corresponding period . Hereinafter : excluding the temporarily occupied territory of the Autonomous Republic of Crimea and City of Sevastopol , as well as the part of zone of the antiterrorist operation . Source : State Statistics Service of Ukraine .
Export of goods is a sale of goods by Ukrainian subjects of foreign economic activities to foreign subjects of foreign economic activities ( including non-cash payment ) with or without exportation of these goods through the customs border of Ukraine , including the re-export of goods . Initially calculated in USD . Source : State Statistics Service of Ukraine .
Import of goods is a purchase ( including non-cash payment ) of goods by Ukrainian subjects of foreign economic activities in foreign subjects of economic activities with or without the importation of these goods into the territory of Ukraine , including the purchase of goods for domestic consumption by establishments and organizations of Ukraine located abroad . Initially calculated in USD . Source : State Statistics Service of Ukraine .
Industrial production sales is the value of industrial goods , which are actually shipped in the period , as indicated in documents decorated as the basis for calculating with the buyer ( customer ), regardless of income payments for them . Converted from UAH to USD in accordance with an average official NBU exchange rate in the corresponding period . Source : State Statistics Service of Ukraine .
Retail turnover of enterprises is the value of consumer goods sold via retail trade and restaurants to the population by all operating enterprises . It also includes direct retail sales by industrial , transport and other non-trade enterprises . In addition , retail turnover includes retail sales of food products to departments , organizations and enterprises to provide meals to the people they serve ( at sanatoria , children ’ s care institutions , hospitals , etc .). Reflected in current prices . Converted from UAH to USD in accordance with an average official NBU exchange rate in the corresponding period . Source : State Statistics Service of Ukraine .
Unemployment rate is a ratio ( percent ) of the unemployed registered at the State Employment Service to the average annual population of working age . Source : State Statistics Service of Ukraine .
Average salary is an average value of remuneration in cash and in kind paid to employees for time worked or work done . Converted from UAH to USD in accordance with an average official NBU exchange rate in the corresponding period . Source : State Statistics Service of Ukraine .
Pharmaceutical Industry Indicators
Export of pharma products is an export of goods related to the group “ Pharmaceutical products ” under the Ukrainian Classification of Goods for Foreign Economic Activities . Initially calculated in USD . Source : State Statistics Service of Ukraine .
Import of pharma products is an import of goods related to the group “ Pharmaceutical products ” under the Ukrainian Classification of Goods for Foreign Economic Activities . Initially calculated in USD . Source : State Statistics Service of Ukraine .
Pharma retail sales are retail sales of different product categories of “ pharmacy basket ” ( drugs , medical devices , cosmetics and food supplements ) in values and volumes . Converted from UAH to USD in accordance with an average official NBU exchange rate in the corresponding period . Source : Morion .
WACP ( Weighted average cost of a pack ) is a ratio of pharma retail sales in values to pharma retail sales in volumes .
CPI ( Consumer price index ) is an indicator of changes at the time of prices and tariffs for commodities and services being purchased by the population for unproductive consumption calculated to corresponding month of previous year . Source : State Statistics Service of Ukraine .
Pharma products CPI is a Consumer price index of “ Pharmaceutical products , medical products , appliances and equipment ” group calculated to corresponding month of previous year . Source : State Statistics Service of Ukraine .
Local companies share is the share ( percent ) of sales related to Ukrainian companies in overall pharma retail sales in values and volumes . Source : Morion
Official currency exchange rate is the rate established by the National Bank of Ukraine under which Ukrainian national currency – UAH ( Ukrainian hryvnia ) will be exchanged for foreign currency ( USD or EUR ). Calculated as average value in the corresponding period . Source : National Bank of Ukraine .
Ukrainian Pharmaceutical Market Monthly : September / August 2015