Current Account in Ukraine

Ukraine Current Account | Economic News & Forecasts

Ukraine - Current Account

The 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.2  -3.5  1.8  -1.5  -2.2  

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Ukraine Current Account Chart


Ukraine Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Ukraine and FocusEconomics calculations.

Ukraine Facts

ValueChangeDate
Bond Yield19.000.0 %Jul 27
Exchange Rate23.700.30 %Jan 01

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