He said this in his address in the Verkhovna Rada on Friday, Censor.NET reports citing Ukrainski Novyny.
"The country's economy is in a very grave condition at the moment... Real GDP decline in 2014 was almost 7%," the minister said.
Export of goods and services, according to Abromavicius, in 2014 decreased by almost 20%, and industrial production fell by 10%.
As reported, the National bank estimated last year GDP slide at 6.7%. In October-December of 2014, real GNP fell by 15.2% compared to similar period in 2013, according to operational data.
The Presidential Administration announced earlier that Ukraine's economy will recover to its 2014 level not earlier than in 2018.