Ukraine Current Account to GDP Ratio
Ukraine's current account deficit reached an all-time low of -8.1% of GDP in 2024, a significant widening from -5.7% in 2023. This deterioration is due to a substantial reduction in grant financing which lowered the secondary income balance to $21.8 billion in 2024 from $23.2 billion in 2023. The primary income surplus also fell to $330 million in 2024 from $5.1 billion in 2023, driven by lower compensation of employees' receipts and increased payments on investment income including public debt servicing. Furthermore, the merchandise trade deficit increased to -$33.8 billion in 2024 from -$29.1 billion in 2023 as imports recovered faster than exports particularly for defense and energy sectors. Ukraine's record low current account to GDP was -8.1% in 2024 and the record high was 5.5% in 2015.
Yearly Historical Data (2015-2024)
(in %)Ukraine's current account to GDP shows the nation's net flow of current transactions relative to its total economic output. It's calculated by dividing the current account balance by the GDP. The current account includes trade in goods and services, net income and current transfers. A positive value indicates a surplus whereas a negative value indicates a deficit.