In 2024, the current account deficit amounted to USD 13.4 billion (7.1% of GDP) compared to USD 9.6 billion (5.4% of GDP) in 2023.
This is stated in the NBU report, Ukrainian News Agency reports.
The expansion of the deficit occurred due to an increase in the negative balance of trade in goods, lower volumes of international aid, and a reduction in the surplus of primary income (due to a simultaneous reduction in wages and an increase in payments for investment income).
At the same time, the expenses of travelers and short-term migrants decreased significantly.
Excluding reinvested income and grants from international partners, the deficit amounted to USD 22.3 billion (in 2023 - USD 18.0 billion).
In December 2024, the current account surplus was USD 492 million (in December 2023, the deficit was USD 875 million).
According to current account transactions excluding reinvested income and grants, the deficit was USD 2.9 billion, in December 2023 - USD 1.8 billion.
Exports of goods and services increased by 9.4% (in 2023, they decreased by 10.8%), while their imports increased by 3.0% (in 2023 - by 7.1%).
In December 2024, exports of goods and services decreased by 0.1% (in November, they increased by 11.3%), and their imports increased by 6.3% (in November - by 9.8%).
Compared to the previous month, exports of goods and services decreased by 1.6%, and their imports increased by 15.1%.
Exports of goods increased by 12.1%, or USD 4.2 billion, to USD 38.9 billion (down by 15.2% in 2023).
More than half of the growth was provided by exports of food products (up by 12.1%, down 5.9% in 2023), primarily due to increased exports of grain crops (by 13.4%), oilseeds (by 20.3%) and food industry products (by 14.8%).
Imports of goods increased by 8.1%, or USD 5.2 billion, to USD 69.0 billion (in 2023 up by 14.9%).
Energy imports decreased by 14.2% (in 2023 - by 18.3%) due to oil products (by 12.9%) and natural gas (by 65%), while imports of coal (2.2 times) and electricity (4.3 times) increased.
Overall, the consolidated balance of payments for 2024 was balanced: the deficit was only USD 3 million; in 2023, the surplus was USD 9.5 billion.
Net borrowing from the IMF for the year as a whole amounted to USD 2.9 billion (in 2023 - USD 1.9 billion).
In December 2024, the consolidated balance of payments surplus was USD 3.1 billion (in December 2023 - USD 1.1 billion).
Net borrowing from the IMF amounted to USD 842 million (in December 2023 - USD 466 million).
As of January 1, 2025, the volume of international reserves amounted to USD 43.8 billion, which provides financing for imports in the future period for 5.5 months.
As Ukrainian News Agency earlier reported, the current account deficit in 2023 amounted to USD 9.8 billion (5.5% of GDP) compared to a surplus of USD 8.0 billion (5.0% of GDP) in 2023.
For 2023, the consolidated balance of payments was formed with a surplus of USD 9.5 billion (in 2022, the deficit was USD 2.9 billion).
The current account surplus in 2022 amounted to USD 8.6 billion (5.8% of GDP) compared to a deficit of USD 3.9 billion (1.9% of GDP) in 2021.
Overall, the consolidated balance of payments for 2022 was formed with a deficit of USD 2.9 billion (in 2021, the surplus was USD 487 million).
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