Monthly economic monitoring

• Monthly Economic Monitoring of Ukraine No. 242

  19.03.2025
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  • Real GDP growth slowed to 0.5% yoy in February, according to the IER, as Russian shelling and increased uncertainty led to a decline in several industries.
  • Gas imports increased 12 times to 512 m cubic m in February compared to January.
  • In February, Ukraine increased electricity imports by almost 30% mom to 244 thousand MWh.
  • In February, the cargo turnover of the Greater Odesa ports amounted to 8 m tons, 21% more than in January. Rail traffic decreased by 12% mom.
  • Exports of goods fell by 10% yoy in February, while imports increased by 15% yoy.
  • In February, Ukraine did not receive funds from external partners. However, funding has already begun to arrive in March.
  • Uncertainty increased about USA assistance to Ukraine in February and March.
  • In February, monthly inflation was below 1% yoy for the first time in six months, suggesting a slight easing of inflationary pressures.
  • In March, the NBU raised the rate to 15.5% per annum, but it may stop there.
  • The hryvnia strengthened against the dollar in the first months of the year against decreased demand for cash dollars.

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  Issue:  March 2025