In Ukraine, the highest GDP growth among CIS countries was recorded for 2004 – 12%. This information is reported by the interstate CIS Statistical Committee, according to RBC. \n \nIn Belarus, GDP growth for the specified period was 11%, in Tajikistan - 10.6%, Azerbaijan - 10.2%, Armenia - 10.1%, Kazakhstan – 9.4%, Georgia - 8.4%, Moldova - 7.3%, Russia and Kyrgyzstan – 7.1%. \n \nThe committee's report notes that the economic situation of all Commonwealth countries in 2004 stabilized noticeably, facilitated by favorable economic conditions. The growth rates of the main macroeconomic indicators were relatively high. Thus, according to estimates, the increase in gross domestic product (GDP) on average in the Commonwealth countries for 2004 was 8% (in 2003 also 8%). "In 2004, compared to the mid-1990s, GDP production in all countries increased noticeably. At the same time, the greatest growth was observed in Azerbaijan and Armenia, which managed to achieve a doubling of GDP production compared to 1995," note the committee's experts. \n \nAt the same time, in their opinion, the high growth rates of production of goods and services are partly explained by the low comparison base, and this growth in many countries is still insufficient to compensate for the economic downturn of the early 1990s.
Ukraine ranks first in GDP growth among CIS countries
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