Ukraine’s real gross domestic product (GDP) grew by 0.8% in the second quarter of 2025 compared to the second quarter of 2024, while in the first quarter of this year the same indicator was 0.9%, according to the State Statistics Service.
According to its data, compared to the previous quarter, taking into account seasonal factors, real GDP increased by 0.2%.
As reported, in July, the NBU once again lowered its expectations for Ukraine’s economic growth this year to 2.1% from 3.1% in its April macroeconomic forecast, while the Ministry of Economy and the government maintain their forecast of 2.7%.
The National Bank of Ukraine estimated real GDP growth in the second quarter of 2025 at 1.1% compared to the same period last year, while previously forecasting it at 1.6%. According to its updated forecast, real GDP growth in the third quarter of this year has been revised down to 2.4% from 3.5%, and in the fourth quarter to 3.5% from 5.9%.
According to the State Statistics Service, Ukraine’s GDP growth slowed to 2.9% in 2024 from 5.5% in 2023, following a 28.8% decline in 2022, the first year of full-scale Russian aggression. In the fourth quarter of last year, GDP fell by 0.1% after growing by 2.2% in the third quarter, 4.0% in the second quarter, and 6.8% in the first quarter.
The NBU forecasts GDP growth of 2.3% for next year, while the government forecasts 2.4%.
Earlier, Experts Club analyzed the state of the economy in Ukraine and leading world countries. For more details, see the video at https://www.youtube.com/watch?v=kQsH3lUvMKo&t
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