Current Account in Ukraine
Ukraine - Current AccountGDP grew at a more modest pace in annual terms in Q3, amid slower growth in both the services and industrial sectors. That said, momentum remained relatively firm, as shown by the rebound in quarter-on-quarter terms. Turning to Q4, available data paints an uncertain picture for the economy: Retail sales increased at a softer pace in October compared to Q3, while consumer confidence fell to a 7-month low in the same month, hinting at weaker household spending. Similarly, industrial growth lost steam in annual terms in October compared to the previous quarter. Meanwhile, on 22 November, the IMF approved a USD 700 million disbursement from the total USD 5 billion Stand-By Arrangement program aimed at addressing the fallout from the pandemic and supporting structural reforms. The long-awaited funds come just as reports have emerged of a sizable number of Russian military forces amassing at the border.
Ukraine - Current Account Data
|Current Account (% of GDP)||1.8||-1.5||-2.2||-3.3||-0.9|
5 years of economic forecasts for more than 30 economic indicators.
Ukraine Current Account Chart
Source: National Bank of Ukraine and FocusEconomics calculations.
|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||23.70||0.30 %||Jan 01|
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November 22, 2021
Industrial output grew 1.4% year-on-year in October, matching September’s result.
November 16, 2021
A preliminary release revealed that GDP rose 2.4% year-on-year in the third quarter of 2021, slowing from Q2’s 5.4% growth which had marked a strong rebound after five consecutive quarters of declining output. Q3’s slowdown came amid a less favorable base effect, but nevertheless surprised market analysts to the downside once again.
November 9, 2021
Consumer prices dropped 0.09% over the previous month in October, contrasting the 0.73% increase recorded in September.
October 22, 2021
Industrial output grew 1.4% year-on-year in September (August: +1.7% yoy).
October 9, 2021
Consumer prices rose 0.73% over the previous month in September, picking up from August's flat reading.