Ukraine’s nominal gross domestic product (GDP) amounted to UAH 1 trillion 923.1 billion in the first quarter of 2025, the State Statistics Service reported on Tuesday.
It confirmed the estimate of real GDP growth of 0.9% by the first quarter of 2024.
In addition, according to the State Statistics Service, the change in the deflator in the first quarter of this year was 16.9%, while in the fourth quarter of last year it was 12.8%.
As reported, in the IMF macroeconomic forecast updated in late June, the estimate of Ukraine’s nominal GDP in 2025-2027 was increased by about UAH 150 billion due to the revised GDP deflator from 12% to 13.5% this year: UAH 8.87 trillion this year, UAH 10.19 trillion next year, and UAH 11.32 billion in 2027.
In April, the NBU lowered its expectations for Ukraine’s economic growth this year to 3.1% from 3.6% in its previous January macroeconomic forecast, and from 4.0% to 3.7% in the next year.
According to the State Statistics Service, Ukraine’s real gross domestic product (GDP) growth slowed to 2.9% in 2024 from 5.5% in 2023. In the fourth quarter of 2024, the country’s GDP decreased by 0.1% compared to the corresponding quarter of 2023.
According to the State Statistics Service, Ukraine’s nominal GDP last year amounted to UAH 7 trillion 658.7 billion, with a change in the deflator of 12.3%, including UAH 2 trillion 194.4 billion in the fourth quarter, with a change in the deflator of 12.8%.
