In May 2025, Ukraine’s real gross domestic product (GDP) showed an increase of 1.1% compared to the same period last year. Analysts from the Institute of Economic Research emphasize that while the growth rates remain moderate, positive trends are emerging in the market.
This is reported by Business • Media
Industry Shows Steady Recovery
In the manufacturing sector, real gross value added (GVA) increased by 2.4% in May, while in April this figure was only 1.4%. At the same time, the decline in the mining sector slowed to 10.4%. This is attributed to the revival of the gas extraction industry and an increase in the extraction of construction materials, which contributed to a reduction in the rate of decline.
Retail trade in Ukraine grew by 4.8% in the first quarter of 2025, demonstrating resilient consumer sentiment. However, agriculture recorded a decrease in real GVA of 2.4% in May.
Transport and Energy: Mixed Results
The transport sector experienced a decline in GVA of 6.4% in May. In the first five months of 2025, “Ukrzaliznytsia” delivered 22.2 million tons of cargo to ports, of which 12.7 million tons were grain crops. At the same time, the volume of grain exports decreased by 30% compared to the same period last year. This is explained by the seasonal decline in sales during the waiting period for the new harvest.
Real gross value added (GVA) in the manufacturing sector increased by 2.4% in May (1.4% in April). The decline in the mining sector slowed to 10.4% in May, driven by the recovery of gas extraction and an increase in the extraction of construction materials.
As for energy, electricity imports in May rose by 3.6% compared to April, reaching 198,000 MWh.