The acceleration was fueled by the agriculture, domestic trade, construction, and manufacturing sectors, which continue to rebound despite ongoing power outages caused by regular Russian strikes on critical infrastructure.
“Despite massive attacks on critical infrastructure, the Ukrainian economy continues to grow, and businesses continue to adapt,” Economy Minister Oleksiy Sobolev said. He noted that Ukraine is currently outpacing Russia, which recorded 1.6% GDP growth in October, compared to Ukraine’s 2.3% growth that same month and 5.3% in November.
According to the State Statistics Service, GDP grew 2.1% in the third quarter of 2025 compared with the same period a year earlier. Over the first nine months of 2025, real GDP increased 1.3%.
The ministry highlighted several factors supporting the recovery. Business revival and development programs, financed in large part by international assistance, have helped restart domestic production.
Significant government spending on reconstruction, from critical infrastructure repairs to housing initiatives such as eVidnovlennia and eOselya, is also fueling activity.
Additionally, increased purchases from Ukraine’s defense industry are boosting industrial output.
Structural shifts are also underway: higher-value sectors are gaining ground, with mechanical engineering now accounting for 9% of industrial sales, up from 5.7% in 2021. Industrial producers across pharmaceuticals, furniture, wood processing, food production, and textiles are reporting higher capacity utilization.
Earlier, the investment firm Dragon Capital forecasted that Ukraine’s GDP would grow by 2% in 2025 and by between 1.5% (the baseline scenario) and 5% (the optimistic scenario) in 2026.