Ukraine's State Statistics Service reports faster economic growth in fourth quarter of 2025

Ukraine's gross domestic product (GDP) grew by 3% in the fourth quarter of 2025 compared with the fourth quarter of 2024.

Source: Ukraine's State Statistics Service on 4 February

It is noted that, compared with the previous quarter, real GDP increased by 0.7% after seasonal adjustment.

In the previous quarter, this figure stood at 0.8%.

Background:

• At the end of January, the National Bank lowered its overall GDP growth forecast for 2025 from 1.9% to 1.8%.
• Meanwhile, in mid-January, the Ministry of Economy estimated Ukraine's GDP growth at 2.2%. In 2024, GDP grew by 2.9%.
• The National Bank of Ukraine (NBU) revised its 2026 GDP growth forecast down from 2.2% to 1.8%, citing the impact of Russian attacks on the energy sector.

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