Ukraine's GDP growth slowed to 1.8% in 2025 — statistics

Ukraine’s real gross domestic product growth slowed to 1.8% in 2025 from 3.2% in 2024 (revised data) and 5.5% in 2023, according to preliminary data from the State Statistics Service.

According to the service’s calculations, Ukraine’s nominal GDP last year was UAH 8.931 trillion.

As previously reported, Ukraine’s GDP grew 3% in the fourth quarter of 2025 compared to the fourth quarter of 2024, 2.1% in the third quarter, 0.7% in the second quarter and 0.8% in the first quarter.

The National Bank in late October lowered its forecast for real GDP growth in the fourth quarter of this year to 3.4% from 3.5% in July, and overall worsened its forecast for Ukrainian economic growth last year to 1.9% from 2.1% due to energy shortages, destruction of gas production facilities and labor shortages.

In late January, the National Bank lowered its estimate for GDP growth for all of 2025 from 1.9% to 1.8%.

Meanwhile, the Economy Ministry in mid-January estimated GDP growth last year at 2.2%.