Ukraine’s GDP grew by 3% y/y in Q4 – State Statistics Service

In previous quarters, the country's economy showed slower growth

Ukraine’s real gross domestic product (GDP) grew by 3% year-on-year in the fourth quarter of 2025. This is stated in a report by the State Statistics Service (SSS).

Compared to the third quarter of 2025, taking into account seasonal factors, this indicator increased by 0.7%.

It should be noted that Ukraine’s real GDP in the third quarter showed an increase of 2.1% compared to the same period in 2024. In the first and second quarters, the economy grew by 0.9% and 0.7%, respectively.

In January of this year, the National Bank of Ukraine lowered its GDP growth forecast for 2025 to 1.8%, primarily due to the disruption of logistics and a larger-than-expected electricity shortage in recent months. By the end of 2026, Ukraine’s economy is expected to grow moderately by 1.8% (previous forecast – 2%).

According to preliminary estimates by the Ministry of Economy, Ukraine’s real GDP grew by 2.2% year-on-year last year. Last year, the country’s economy continued to operate amid attacks on energy infrastructure, complex logistics, and high security risks, but showed growth close to the forecast. It was supported by positive dynamics in key sectors such as domestic (primarily retail) trade, construction, and manufacturing.

As reported by GMK Center, Ukraine’s real GDP in 2024 grew by 2.9% according to the State Statistics Service.