Current Account in Ukraine

Ukraine Current Account | Economic News & Forecasts

Ukraine - Current Account

Upbeat end-of-year economic data is rolling in as the election season nears full swing. Growth accelerated in Q4 amid buoyant domestic demand. Private consumption seemed to have been bolstered by tightening labor market conditions and a strong hryvnia, as demonstrated by healthy retail sales growth in Q4. On top of that, exports continued to expand, albeit modestly, against the backdrop of feeble external demand conditions. Available Q1 data, however, paints a mixed picture: While industrial production tumbled in January, soaring retail sales reflect upbeat consumer demand. Looking ahead, voters will elect their next president on 31 March. Comedian Volodymyr Zelensky has emerged as the frontrunner in opinion polls, followed by incumbent President Petro Poroshenko and opposition leader Yulia Tymoshenko. The battle for president thus remains crowded, with a second-round vote highly likely.

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

Bond Yield19.000.0 %Jul 27
Exchange Rate26.350.30 %Mar 11
Stock Market5560.21 %Mar 11

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