Current Account in Ukraine
Ukraine - Current AccountThe economy grew at a solid pace in the third quarter of last year, despite decelerating from the second quarter’s over two-year high expansion. Softer private consumption was largely behind the slowdown, although it remained healthy nonetheless. On the upside, government consumption rebounded, while fixed investment growth jumped on upbeat construction activity and cheaper financing conditions. Moreover, the external sector buoyed the overall expansion amid soaring exports. Turning to the fourth quarter, momentum seemingly waned as industrial production plummeted in October–November. Meanwhile, the IMF announced a new three-year USD 5.5 billion arrangement to the country, which should cement financial stability this year. Furthermore, royalties from a new five-year gas transit contract with Russia, signed on 30 December, should provide additional support to the government’s accounts ahead.
Ukraine - Current Account Data
|Current Account (% of GDP)||-9.2||-3.5||1.8||-1.5||-2.2|
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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January 13, 2020
On 7 December, Ukraine and the IMF announced a three-year USD 5.5 billion arrangement under the Extended Fund Facility (EFF), which, if approved by the lender’s Executive Board, would represent the third support package by the Fund since the 2014 recession.
January 9, 2020
Consumer prices decreased 0.2% month-on-month in December, contrasting November’s 0.1% increase.
December 27, 2019
Industrial production plunged 7.5% over the same month last year in November, which marked the worst reading since July 2015.
December 19, 2019
GDP growth moderated to 4.1% year-on-year in the third quarter, according to a second estimate by Ukraine’s Statistical Institute (previously reported: +4.2% year-on-year).
December 12, 2019
At its 12 December meeting, the National Bank of Ukraine (NBU) decided to cut the key policy rate to 13.50%, from 15.50%.