Resume
- According to the current IER estimate, real GDP grew by 3.2% in 2024, however, the growth rate could be generally in the range of 3.2%-3.7% in 2024 depending on the contribution of the public sector.
- According to the IER, real GDP grew by 1.4% yoy in December.
- In December, Ukraine increased electricity imports by 2.6 times – up to more than 430 thousand MWh.
- From January 1, 2025, Ukraine stopped the transit of russian gas to Europe due to the expiration of the Agreement on Cooperation between GTS Operator of Ukraine and Gazprom.
- In 2024, the seaports of Ukraine handled 97.2 m t of cargo (+57% yoy).
- Ukrzaliznytsia transported 174.9 m t of cargo in 2024 (+18% yoy).
- In 2024, exports by road amounted to more than 10 m t (+5% yoy).
- Exports in December fell due to a decrease in stocks of agricultural products, and imports of machinery and equipment exceeded the pre-war level in dollar terms
- In December 2024, state budget expenditures were record high and skyrocketed thanks to international aid.
- It is expected that in 2025 the largest amount of funding will come under the ERA mechanism, which collectively provides assistance from G7 at USD 50 bn.
- In December 2024, inflation reached 12% yoy due to rising producer costs and a gradual recovery in demand.
- The hryvnia weakened slightly against the dollar due to strong demand, but the NBU restrained exchange rate changes.
