GDP

NBU records anemic economic growth in Q1 2025

Ukraine’s real GDP grew 0.5% YoY in Q1 2025, the National Bank of Ukraine (NBU) reported on April 25.

25 April 2025, 09:41 PM

Ukraine’s public debt to hit 110% of GDP in 2025 - IMF

The International Monetary Fund’s “Fiscal Monitor” report, as of April 14, forecasts that Ukraine’s total state debt will climb to 110% of its gross domestic product (GDP) in 2025, a significant increase from pre-war levels.

25 April 2025, 02:22 PM

NBU maintains key rate, worsens inflation and economic growth forecast in Ukraine

The National Bank of Ukraine will keep its discount rate at 15.5% while lowering its inflation and GDP forecasts on April 18.

17 April 2025, 05:19 PM

Estonia to provide Ukraine with $107 million in new military aid

Estonia will purchase 100 million euros (107 million dollars) in military aid for Ukraine from its defense industry, Estonia’s Defense Ministry announced on March 21.

23 March 2025, 01:39 AM

IMF cuts Ukraine’s 2025 growth forecast amid rising inflation

Despite a three-year full-scale war, Ukraine’s economy is holding steady, though GDP growth will dip due to inflation hitting 12.9%, the International Monetary Fund reported on March 1.

1 March 2025, 06:48 PM

World Bank cuts Ukraine’s 2025 GDP forecast to 2% as war rages on

The World Bank has downgraded its 2025 GDP growth forecast for Ukraine to 2% from 6.5% in its June report but raised the 2026 forecast to 7% from 5.1%, according to its Global Economic Prospects report published on Jan. 17, 2025.

17 January 2025, 01:47 PM

Ukraine's GDP grows by 4% in 2024, boosted by local manufacturing and investment

Ukraine's GDP grew by 4% in 2024, with significant contributions from domestic manufacturing and investment, according to First Vice Prime Minister and Minister of Economy Yulia Svyrydenko in a column for news agency Interfax-Ukraine on Dec. 26.

26 December 2024, 05:40 PM

IMF: War with Russia could last until mid-2026

The International Monetary Fund (IMF) updated its baseline scenario, predicting the war initiated by Russia against Ukraine will end by late 2025, with a negative scenario extending to mid-2026. The forecast was published as part of the sixth review under the IMF's Extended Fund Facility.

22 December 2024, 02:47 PM

Ukraine spends 25% of GDP on defense, says NATO Secretary General

Ukraine plans to allocate about a quarter of its GDP on defense in 2025, which is more than 10 times what European NATO Allies spend, NATO Secretary General Mark Rutte said speaking at a Carnegie Europe event in Brussels on Dec. 12.

13 December 2024, 08:55 AM

Ukraine's GDP growth reaches 4%, continues wartime adaptation

Ukraine's gross domestic product (GDP) is estimated to have grown by 4% in January-November 2024, compared to the same period last year, Economy Minister Yulia Svyrydenko said on Dec. 11, according to Interfax-Ukraine news agency.

12 December 2024, 10:32 AM

NATO aiming to increase defense spending to 3% of GDP

NATO is planning to set new, more ambitious targets for weapons production, which could require raising the defense spending benchmark to 3% of the gross domestic product (GDP), Bloomberg reported on Dec. 11, citing sources.

11 December 2024, 02:56 PM

Ukrainians vital for Poland’s economic growth

Ukrainians have a significant impact on Poland's economy, generating 0.7-1.1% of the country's GDP, and this effect is expected to grow, NV journalist Svitlana Ugniva wrote in her Dec. 4 article "Betrayal or support?", which analyzes the growth of legally employed Ukrainian men in Poland.

5 December 2024, 10:34 AM

IMF confirms Ukraine’s 2024 GDP growth, adjusts forecast for next year

The International Monetary Fund (IMF) expects Ukraine's GDP to grow by 4% in 2024, followed by a slowdown to 2.5-3.5% next year, according to its report on the results of the sixth review of the Extended Fund Facility (EFF) program released on Nov. 19.

20 November 2024, 02:30 PM

Donald Trump will push allies to raise defense budgets — Rutte

NATO Secretary-General Mark Rutte expects incoming U.S. President Donald Trump to push European NATO members to raise defense spending beyond 2% of GDP, speaking ahead of the European Political Community summit in Budapest on Nov. 7.

8 November 2024, 03:31 AM

IMF drastically lowers Ukraine’s current account deficit forecast

The International Monetary Fund (IMF) expects Ukraine's current account deficit to increase from 5.4% of GDP in 2023 to 8.1% in 2024 and 14.3% in 2025, Interfax-Ukraine reported on Oct. 23.

23 October 2024, 10:15 AM

World Bank slashes Ukraine's 2025 growth forecast to 2% as war continues

The World Bank reaffirmed its 3.2% GDP growth forecast for Ukraine in 2024, but sharply downgraded it from 6.5% to 2% for next year in its Oct.17 Europe and Central Asia (ECA) Economic Update, the Interfax-Ukraine news agency reported.

18 October 2024, 10:04 AM

Russia’s 2025 military spending to reach $145 billion

The Kremlin is planning to increase its defense spending by 25% in 2025, reaching RUB 13.5 trillion ($145 billion), Reuters reported on Sept. 30, citing a draft of Russia’s federal budget for the next year.

30 September 2024, 09:52 PM

EBRD lowers Ukraine's 2025 GDP growth forecast

The European Bank for Reconstruction and Development (EBRD) has maintained its forecast for Ukraine's GDP growth at 3% in 2024 but downgraded its 2025 projection from 6% to 4.7%, its official statement wrote on Sept. 26.

26 September 2024, 01:30 PM

Estonian President calls for NATO members to boost defense spending to 3% of GDP

NATO members should consider raising defense spending to 3% of GDP, as Russia will continue to pose the most significant military threat to the Alliance for the foreseeable future, Estonian President Alar Karis said, Estonian public broadcaster ERR reported on July 7.

8 July 2024, 09:44 AM

Ukraine's National Bank warns of potential lower GDP growth for 2024

The National Bank of Ukraine (NBU) is bracing for a challenging economic outlook for 2024, with concerns that GDP growth might fall short of the previously forecasted 3%.

25 June 2024, 12:31 PM

GDP

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