Ukraine GDP Growth Hits 1-1/2-Year High in Q4

Ukraine's economy expanded by 2.8% year over year in Q4 2025, down slightly from the preliminary reading of 3% and following an upwardly revised 2.4% advance in the previous period.

This marks the fastest growth since Q2 2024, amid a pickup in household spending (11.1% vs 6.4% in Q3) and robust fixed investment (7.6% vs 9.1%).

Meanwhile, government spending slowed sharply (0.3% vs 13.8%).

Net external demand acted as a drag on growth, as exports plunged 13% (vs -15.5% in Q3) while imports soared 11.6% (vs 9.5% in Q3).

Considering the whole year, the GDP grew by 1.8% in 2025, slowing from 3.2% a year earlier.