Ukraine's economy nosedived after the Russian invasion in early 2022 and, while it has been unexpectedly resilient since last year, the initial shock forced Kyiv to request a two-year debt...

Ukraine’s economic outlook is conditional on the timing and quantity of external assistance receipts and the assumed duration of Russia’s invasion. Under an indicative scenario that assumes active hostilities will continue throughout 2024, GDP is expected to expand modestly by 3.2% this year.

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%).

The war in Ukraine was a “massive and historic energy shock” to the markets, according to a November 2022 report by the OECD. The “shock” of the war was one of the main factors that had slowed economic growth in 2022 to just 3.1 percent, and why the OECD projected it to slow to 2.2 percent in 2023. The war, the report found, has had the ...

After 10 months of Russian destruction, Ukraine’s economy shrank by 30 percent. But companies have packed up and moved, switched products and found support abroad.

Explore current GDP data for Ukraine, including historical trends and economic indicators, on the World Bank's Data page.

Ukraine would appreciate the fiscal room. At the end of the year, its debt-to-GDP ratio will near 94%—high for an economy with its financial history and of its size. The sums that allies provide...

GDP growth (annual %) - Ukraine. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. LineBarMap.

Ukraine Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.