<\/a>With an economy based largely on natural resources like iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber, and arable land, Ukraine\u2019s GDP was of $340.7 billion in 20012. By GDP, Ukraine is the 39th most developed country in the world. However, the GDP per capita is of only $7,500 and 24.1% of the Ukrainians live below World Bank\u2019s poverty line. The economic growth rate in 2012 was negative and at a very low level (0.2%), in comparison to 2011 (5.2%) and 2010 (4.1%). More precisely, Ukraine finished 2012 in technical recession following two consecutive quarters of negative growth. One of the more important negative aspects of the Ukrainian economy is represented by its dependence on Russia for energy supplies. Ukraine reached two agreements with the International Monetary Fund (IMF), the first in November 2008 and the second one in August 2010. Both programs stalled due to the Ukrainian Government’s lack of progress in implementing reforms.<\/p>\n","protected":false},"excerpt":{"rendered":"Ukraine, which means \u201cin-land\u201d, \u201chome-land\u201d or \u201cour-country\u201d, is a state located in Eastern Europe, bordering the Black Sea, between Poland, Romania, and Moldova in the west and Russia in the east. Slightly smaller than Texas, Ukraine has a total area of 233,090 square miles, being the 46th largest state in the world. Ukraine has a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/posts\/580"}],"collection":[{"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/comments?post=580"}],"version-history":[{"count":49,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/posts\/580\/revisions"}],"predecessor-version":[{"id":2820,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/posts\/580\/revisions\/2820"}],"wp:attachment":[{"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/media?parent=580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/categories?post=580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/tags?post=580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}