Government develops "Economy of Future" strategy, which envisages GDP growth of 6% and return of 3 million Ukrainians

The Cabinet of Ministers has developed a 15-year long-term economic development strategy for Ukraine titled "Economy of the Future," which aims to increase GDP growth to 6% annually and bring back 3.1 million Ukrainians. Prime Minister Yulia Svyrydenko announced this on her Telegram channel, according to the Ukrainian News agency.

"Together with foreign partners, we are working on creating the 'Economy of the Future' strategy for Ukraine based on World Bank analytical data… We have an ambitious yet achievable goal—to increase average GDP growth to 6% per year, labor productivity from the current 1.3% to 5%, and the share of investment in GDP from the pre-war 16% to 24–30% annually," she said.

According to her, this strategy is based on EU rules—primarily the creation of a competitive and investment-attractive economy with strong institutions and dynamic private sector development, focusing on defense technologies, energy, the agricultural sector, transportation, machine building, IT, and critical minerals.

Svyrydenko added that the government’s vision for its implementation was presented to participants of the International Business Advisory Council, whose meeting was chaired by President Volodymyr Zelenskyy.

The government is now moving on to selecting flagship investment projects for the “Economy of the Future,” which will be presented to partners at an international conference on Ukraine’s recovery in Gdańsk (Poland) in June.

As the Ukrainian News agency earlier reported, Svyrydenko previously stated that Ukraine’s GDP grew by 0.9% in April following a decline in the first quarter, which helped mitigate the negative trend for the first four months of 2026 to -0.2%.

According to the State Statistics Service, in January–March 2026, Ukraine’s real gross domestic product (GDP) decreased by 0.5% compared to the same period in 2025, and compared to the fourth quarter of 2025, GDP decreased by 0.7% (seasonally adjusted).

Danylo Hetmantsev, a member of the Verkhovna Rada from the Servant of the People faction and the chairman of the parliamentary committee on finance, tax, and customs policy, noted that the 0.5% decline in GDP in January–March 2026 indicates an “economic slowdown” and a serious problem.

In 2025, GDP increased by 1.8% compared to 2024.

According to the latest Eurostat data, 4.3 million Ukrainians are under temporary protection in EU countries, with the largest number in Germany (1.2 million).