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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