Executive summary
- According to the Ukrstat, real GDP grew by 2.1% yoy in the third quarter of 2025. Government consumption increased substantially.
- According to IER estimates, real GDP growth accelerated to 3.6% yoy in November due to later corn harvesting than in 2024. At the same time, industry reduced production because of energy infrastructure destruction.
- Restrictions on NPP power output due to shelling in November amounted to up to 1,200 MW.
- In November, Ukraine increased electricity imports by 15% mom to 415 thousand MWh, while electricity exports in November decreased by 94% mom.
- As of November 30, Ukraine's underground gas storage facilities held 8.46 bn m³ of natural gas, which is 2% less than in October.
- Over 162 million tons of cargo passed through the Ukrainian Sea Corridor, of which approximately 98 m tons were grain, involving about 7,000 vessels.
- In November, rail grain exports amounted to 2.57 m tons, which is 23% more than in October, but roughly matches the November 2024 figure.
- Exports decreased slightly, while imports remained high.
- Staff level agreement was reached on new IMF program: it is intended to become an anchor for international aid in the coming years.
- The EU approved a decision to provide assistance to Ukraine in the amount of EUR 90 bn in 2026-2027.
- In November, inflation was 9.3% yoy and for the first time in a year fell below 10%.
- NBU reserves set a new record at USD 54.7 bn.
