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Jan 17, 2024 · In 2023, Ukraine’s real GDP is estimated to have grown by 5-5.5%. This is a recovery after a sharp 28.8% drop in 2022. Despite the recovery, GDP is still about a quarter lower than in 2021.
In 2022, as a result of Russia’s full-scale invasion, Ukraine’s gross domestic product (GDP) fell by almost 30%. In 2023, economic growth exceeded expectations, with the National Bank of Ukraine (NBU) putting the latest estimate of the annual real GDP growth rate at 5.7% (at the beginning of 2023, the NBU’s forecast was 0.3%).
After recording a surplus in 2022, Ukraine’s current account turned into $9.6 billion deficit in 2023. This was driven by a widening trade deficit and the replacement of grant receipts by loans. Reserves were aided by external assistance and stood at $37.1 billion on March 1, 2024.
Aug 1, 2023 · Ukraine expects its economy to grow by about 5% next year, driven by investment in reconstruction and stronger consumer demand, a senior Economy Ministry official said on Tuesday.
May 9, 2024 · A study by the World Bank, United Nations, European Commission and the Ukrainian government published in February estimated the total cost of rebuilding the economy at $486 billion, a figure...
Ukraine’s 48-month EFF arrangement, with access of SDR 11.6 billion (equivalent to US$15.6 billion, or about 577 percent of quota), was approved on March 31, 2023, and forms part of a US$122 billion support package for Ukraine.
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