{"id":21821,"date":"2026-09-17T08:00:23","date_gmt":"2026-09-17T05:00:23","guid":{"rendered":"https:\/\/ces.org.ua\/?p=21821"},"modified":"2026-09-17T14:37:50","modified_gmt":"2026-09-17T11:37:50","slug":"tracker-economy-during-the-war","status":"publish","type":"post","link":"https:\/\/ces.org.ua\/en\/tracker-economy-during-the-war\/","title":{"rendered":"Ukraine War Economy Tracker"},"content":{"rendered":"\n

The Economy Tracker provides regular updates on the state of Ukraine\u2019s economy during the war, bringing together key indicators and charts in one place. Sections are updated on a rolling basis to reflect the latest data.<\/em><\/p>\n\n\n\n

You may also be interested in our Monthly Economic Reviews<\/a>, which feature a focused topic and bring together key experts for discussions.<\/em><\/p>\n\n\n\n

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GDP<\/h2>\n

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After a 28.8% decline in 2022, Ukraine\u2019s economy began to recover, although growth has gradually slowed. Following 5.5% growth in 2023, real GDP grew by 2.9% in 2024 and by 1.8% in 2025. Weaker economic performance largely reflected the impact of Russian attacks on energy infrastructure and other wartime challenges.<\/em><\/p>\n\n\n\n

In Q2 2026, real GDP grew by 0.4% y-o-y and by 0.3% compared with the previous quarter on a seasonally adjusted basis, according to an updated estimate by the State Statistics Service. Previously, the agency had reported 0.6% y-o-y growth in Q2. Taking into account the Q1 result, when real GDP contracted by 0.6% y-o-y, the economy shrank in the first half of 2026.<\/p>\n\n\n\n

According to the NBU forecast, the economy will grow by 1.8% in 2026. Attacks on businesses and logistics infrastructure will constrain production and investment. At the same time, substantial budget spending will support the economy, including funding for the localisation of weapons production in Ukraine under the Ukraine Support Loan. A gradual recovery in harvests will provide an additional boost to growth.
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