Social and Legal Studios

Abstract

GDP is the most commonly used indicator in the analysis of economy. Measurement of this variable helps to assess the economy’s condition in the specific moment. The reports of the State Statistics Service of Ukraine demonstrate the changes and fluctuations in Ukraine’s economy within the period of 2004-2016. Through various statistical techniques, this paper shows the current economic trends and the impact of political and economic conflicts on the country’s GDP and demonstrates the necessity of structural reforms in government management in terms of region development. In this paper an attempt to find the impact of economic and political conflicts on the fluctuations in economy of Ukraine is made and the actions which help to minimize the regional differentiations are proposed

Keywords: GDP, regional analysis, fluctuations, crises, diversification

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