Macroeconomic forecast for 2026-2028

Key forecast indicators of economic and social development of Ukraine for 2026-2028

(August 2025)

Indicator	2026		2027		2028
Indicator	Scenario 1	Scenario 2	Scenario 1	Scenario 2	Scenario 1	Scenario 2
Nominal GDP, UAH bn	10,443.5	10,309.3	11,920.9	11,954.8	13,471.7	13,560.9
Change of GDP, y-o-y	4.5%	2.4%	5.0%	4.7%	5.7%	4.5%
CPI change, y-o-y	8.6%	9.9%	5.9%	9.4%	5.3%	7.5%
PPI change, y-o-y	11.3%	11.3%	9.4%	10.5%	7.9%	8.8%
Trade balance, USD bn	(34.712)	(44.461)	(33.612)	(36.240)	(32.950)	(33.932)
Export of goods and services, USD bn	66.246	61.380	76.312	69.961	85.934	80.456
Export of goods and services, y-o-y growth	14.3%	5.9%	15.2%	14.0%	12.6%	15.0%
Import of goods and services, USD bn	100.958	105.841	109.924	106.201	118.884	114.388
Import of goods and services, y-o-y growth	2.7%	7.6%	8.9%	0.3%	8.2%	7.7%

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