Current Account in Ukraine

Ukraine Current Account | Economic News & Forecasts

Ukraine - Current Account

GDP 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

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

Bond Yield19.000.0 %Jul 27
Exchange Rate25.270.30 %Sep 04
Stock Market5280.21 %Sep 03

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