Ukraine: economy

What is Ukraine's GDP growth rate?

Ukraine's real GDP was 0.4% higher in the second quarter of 2026 than a year earlier, according to the State Statistics Service's main indicators, updated 14 October 2026. Its earlier operative estimate of 4 August gave 0.6%, with growth of 0.4% on the previous quarter, seasonally adjusted.

The operative estimate is replaced by preliminary and then final data, so quarterly growth can be revised. For whole years, the IMF's World Economic Outlook figures estimate growth of 1.8% in 2025 and project 1.0% for 2026. GDP in the second quarter was 2,305,664 million hryvnias at current prices.

Official sources: State Statistics Service: main indicators · State Statistics Service: operative GDP estimate, Q2 2026 · IMF DataMapper: real GDP growth, Ukraine

What is the inflation rate in Ukraine?

Consumer prices in Ukraine were 10.0% higher in September 2026 than a year earlier, according to the State Statistics Service's main indicators. Prices rose 2.1% in the month. The National Bank's inflation update of 12 October 2026 says inflation exceeded its July forecast path.

The National Bank attributes the rise mainly to attacks on production, storage and logistics infrastructure and to fuel prices, which were up 46.2% year on year. Core inflation was 8.8%, raw food prices 6.7%, services 13.7% and administered prices 13.6%. Over January to September 2026, prices averaged 8.1% higher than a year before.

Official sources: State Statistics Service: main indicators · National Bank of Ukraine: September 2026 inflation update

What is the NBU key policy rate?

The National Bank of Ukraine's key policy rate is 16%, after the Board raised it on 17 September 2026, according to the bank's decision statement.

The bank says it raised the rate because of persistent underlying price pressures, second-round effects of supply shocks and higher medium-term inflation risks. It aims to bring inflation back towards its 5% target within the policy horizon. The key rate affects what banks pay for National Bank funds and, through that, deposit and loan rates. The bank publishes a schedule of its rate meetings.

Official sources: National Bank of Ukraine: key policy rate decision, 17 September 2026

What is the hryvnia exchange rate to the dollar?

The National Bank of Ukraine's official rate was 44.9801 hryvnias to the US dollar for 15 October 2026, according to its exchange rate data, shown on its official exchange rates page. The euro rate was 50.3453 hryvnias.

Banks and exchange offices set their own cash rates. International reserves were USD 47.1 billion on 1 October 2026; the National Bank says they fell 3.2% in September as it sold USD 5,449.9 million on the FX market.

Official sources: National Bank of Ukraine: official exchange rates · National Bank of Ukraine: international reserves, end-September 2026

What is Ukraine's trade balance?

Ukraine's current account deficit was an estimated 16.0% of GDP in 2025, according to the IMF's World Economic Outlook figures, read on 15 October 2026. The IMF projects 11.0% for 2026, after 5.9% in 2023 and 8.9% in 2024.

The current account adds trade in goods and services to income and transfers. The State Statistics Service's main indicators give goods exports of USD 29.6 billion and imports of USD 60.2 billion in January to September 2025, the latest trade figures shown there. The National Bank publishes the balance of payments.

Official sources: IMF DataMapper: current account balance, Ukraine · State Statistics Service: main indicators

What is Ukraine's economic growth rate?

The World Bank puts real GDP growth in Ukraine at 1.8% in 2025. The peak was 8.2% in 2007 and the low -28.8% in 2022. Europe & Central Asia median: 2.1%; Ukraine is 28th highest of 49. Worldwide: 133rd of 180.

How rich is Ukraine per person?

$5,866: that is GDP per person in Ukraine for 2025, according to the World Bank. It is the top of the series, which starts in 2005. Across Europe & Central Asia the middle value was $28,420, and Ukraine placed 46th highest of 49. Of 180 countries with 2025 data, 106th highest.

What is Ukraine's GDP per capita at PPP?

The World Bank puts GDP per person at purchasing power parity in Ukraine at $18,905 in international dollars in 2025. That is the highest since at least 2005. It is 46th highest of 49 in Europe & Central Asia, where the median is $50,946 in international dollars. Worldwide: 94th of 179.

What share of Ukraine's economy is exports?

The World Bank puts exports of goods and services in Ukraine at 25.3% of GDP in 2025. That is the lowest since at least 2005. Europe & Central Asia median: 47.7% of GDP; Ukraine is 42nd highest of 46. World rank, highest first: 92nd of 133.

Does Ukraine earn more abroad than it spends?

In 2025, the current account balance in Ukraine was -13.5% of GDP, according to the IMF (a deficit). It is the bottom of the series, which starts in 2005. It is 45th highest of 47 in Europe & Central Asia, where the median is -0.3% of GDP. Worldwide: 120th of 132.

What is FDI in Ukraine?

In 2025, net inflows of foreign direct investment in Ukraine was 0.8% of GDP, according to the IMF. Since 2005 it has ranged from -0.2% of GDP (2015) to 8.7% of GDP (2005). Across Europe & Central Asia the middle value was 1.9% of GDP, and Ukraine placed 34th highest of 49. Worldwide: 139th of 179.

How high are loan rates in Ukraine?

19.7%: that is the average bank lending rate in Ukraine for 2025, according to the IMF. The peak was 22.1% in 2023 and the low 13.3% in 2021. Europe & Central Asia median: 8.0%; Ukraine is 1st highest of 17. World rank, highest first: 8th of 73.