Ukraine’s real gross domestic product (GDP) grew by 2% in the third quarter of 2024 compared to the third quarter of 2023, according to preliminary data from the State Statistics Service (Ukrstat). According to the statistics agency, seasonally adjusted real GDP increased by 0.2% in the period under review compared to the previous quarter.
As reported, in late October, the National Bank of Ukraine raised its economic growth forecast for 2024 from 3.7% to 4%, and for 2025 from 4.1% to 4.3%. At the same time, the NBU downgraded its inflation forecast for 2024 from 8.5% to 9.7%, and for 2025 from 6.6% to 6.9%.
The Ministry of Economy expects Ukraine’s GDP to grow by 3.9% in 2024, with inflation at 9.5%. According to the State Statistics Service, Ukraine’s GDP grew by 5.3% in 2023 after a 28.8% decline in 2022.
In the first quarter of 2024, real GDP grew by 6.5%, and in the second quarter – by 3.7%.
