Ukraine Current Account Gap Widens in November

Ukraine posted a current account deficit of USD 3.5 billion in November 2025, up from USD 1.3 billion in the same month a year ago. This was the largest shortfall since July, as the goods deficit rose to USD 4.7 billion from USD 2.9 billion in November 2024, and the services gap increased to USD 0.6 billion from USD 0.5 billion. At the same time, the secondary income surplus shrank to USD 2.1 billion from US 2.3 billion while the primary income deficit was little changed at USD 0.3 billion.

Ukraine’s current account deficit remained largely unchanged at USD 2.07 billion in October 2025, compared with USD 2.12 billion a year earlier, marking the smallest monthly shortfall since April. The secondary income surplus rose sharply to USD 3.10 billion from USD 1.22 billion, while the services deficit held steady at USD 0.55 billion versus USD 0.53 billion. Meanwhile, the goods deficit widened sharply to USD 4.52 billion from USD 2.80 billion. For the January–October period, the current account gap increased to USD 26.91 billion, up from USD 14.07 billion over the same period in 2024.