In 2025, Ukraine’s gross domestic product was only 79% of the pre-war level of 2021. The economic situation remained challenging due to regular shelling of critical infrastructure, which deprived the country of key drivers of economic growth.
This is reported by Business • Media
External Financing as a Key Support Factor
In 2025, external financial assistance reached $52.4 billion, becoming the main source of support for the economy. According to preliminary estimates, Ukraine’s nominal GDP in dollar terms was approximately $207 billion, exceeding the figure for 2021 ($200 billion). At the same time, real GDP still lagged 21% behind the pre-war level.
Industry and Construction: Negative Dynamics
A number of key economic indicators showed a decline. In particular, industrial production in 2025 decreased by 2.4%, while in 2024 there was an increase of 3.6%. The growth in the volume of completed construction work also slowed down: in 2025 it amounted to 12% — compared to 15.5% in the previous year.
Economic recovery in 2026 continues to be hindered by a number of factors, including: the ongoing war, electricity shortages, high tariffs for businesses, labor shortages, the impact of the CBAM mechanism, and restrictions on maritime logistics.
“Ukraine has effectively been left without growth drivers. The main factor supporting the economy was external financing, which amounted to $52.4 billion last year.”