State Statistics Service cuts Ukraine's economic growth estimate by one and a half times

Ukraine's GDP grew by only 0.4% in the second quarter, one and a half times lower than previous estimates.

Source: Ukraine's State Statistics Service

Details: In the second quarter of 2026, real GDP grew by 0.3% compared with the previous quarter, taking seasonal factors into account, and by 0.4% compared with the second quarter of 2025.

Ukraine's nominal GDP stood at UAH 2.3 trillion (US$52.7 billion).

The GDP growth estimate for the second quarter was revised because operational data have been updated, including administrative data from the State Treasury Service, namely reports on the execution of the state and local budgets.

The revision was also affected by Ukraine's State Statistics Service receiving expanded balance of payments data, new data from the National Bank of Ukraine and additional services statistics on postal and courier activities and telecommunications.

Background: Earlier, the State Statistics Service estimated Ukraine's real GDP growth in the second quarter of 2026 at 0.6% year on year, compared with the second quarter of 2025.

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