Current Account in Ukraine
Ukraine - Current AccountGDP growth soared to an over two-year high in the second quarter, marking one of the highest readings seen in the past decade, according to a flash estimate. While a breakdown by components is not yet available, robust household spending likely powered the economy, thanks to rising wages and reviving consumer confidence. Available data for the start of the third quarter points to sustained momentum: Consumer confidence hit a fresh multi-year high and retail sales recorded another month of above 10% expansion in July. On the political front, the new government was sworn in on 29 August, with Oleksiy Honcharuk nominated as Prime Minister. The end of the political cycle should allow the government to focus on implementing IMF-mandated reforms. Securing a new deal will be at the top of policymakers’ agenda to keep sentiment on the up, as the current arrangement expires at the end of this year.
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||25.27||0.30 %||Sep 04|
|Stock Market||528||0.21 %||Sep 03|
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September 11, 2019
Consumer prices fell 0.3% month-on-month in August, which followed July’s 0.6% decrease.
August 28, 2019
Industrial production contracted 0.2% over the same month last year in July, a smaller drop than June’s 2.3% decrease.
August 15, 2019
Consumer prices fell 0.6% month-on-month in July, which followed June’s 0.5% decrease.
August 13, 2019
Growth soared to 4.6% year-on-year in the second quarter, according to preliminary data released by Ukraine’s Statistical Institute.
July 26, 2019
New President Volodymyr Zelensky’s Servant of the People party came away with a resounding victory in the 21 July snap elections, winning 43% of the vote and 254 out of 424 seats in the Rada.