According to the Institute of Economic Research, in the first quarter of 2025, Ukraine’s real gross domestic product (GDP) grew by 1.1% compared to the same period last year. This indicates a gradual recovery of the country’s economy after years of conflict and economic challenges.
This is reported by Business • Media
Current State of Economic Indicators and Determining Factors
In March 2025, the economic situation improved due to better access to electricity and a gradual recovery in demand. Reports indicate that GDP growth in March was 1.3%. In comparison, this figure was 1.2% in January and 0.7% in February.
Sectors Showing Positive Development
- Industry: a growth of 2.5% in March is attributed to moderate increases in domestic demand and exports, despite Russian attacks on Dnipro, Kryvyi Rih, and Kharkiv.
- Trade: a growth of 1.2%, despite a decrease in wholesale trade volumes due to an increase in direct sales.
Sectors Experiencing Decline
- Agriculture: a decline of about 3% in March due to reduced livestock production and the advance of Russian troops.
- Mining: a drop of more than 3% due to the temporary occupation of coal mines in the Donetsk region and attacks on gas extraction.
- Energy: a decrease of nearly 5% due to Russian strikes on energy infrastructure.
- Transport: a decline of 6% in March due to a slowdown in railway freight transport following cyberattacks and the cessation of gas transit since the beginning of the year.
“In March, the country’s economy improved somewhat due to better access to electricity and a gradual recovery in demand,” reported the Institute of Economic Research.