Current Account in Ukraine

Ukraine Current Account | Economic News & Forecasts

Ukraine - Current Account

Volodymyr Zelensky, a comedian with no former political experience, was elected Ukraine’s president on 21 April. Zelensky, who ran chiefly on an anti-corruption platform, vowing to restore faith in governmental institutions and courts, racked up 73% of the vote; Petro Poroshenko, the incumbent, was left with less than 25%. Given Zelensky’s lacking credentials, uncertainty remains elevated regarding his tenure; to exacerbate matters, the new president will take office with little support in parliament and amid growing pressure over the IMF loan conditions and deteriorating relations with Russia. Despite the political turbulence, growth appears to have remained healthy in the first quarter of the year. Retail sales surged in Q1, likely propped up by lower inflation and a stronger hryvnia, signaling upbeat consumer demand. Furthermore, merchandise export growth picked up in Q1, thanks to surging agricultural exports.

Ukraine - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.2  -3.5  1.8  -1.5  -1.9  

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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 Rate26.140.30 %May 13
Stock Market5700.21 %May 13

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