In May 2025, Ukraine’s real gross domestic product (GDP) grew by 1.1% year-on-year. Experts note that although the growth rate remains moderate, the economy is showing signs of positive dynamics.
This is reported by Finway
Industry and Agriculture: Diverging Trends
In May, real gross value added (GVA) in the manufacturing sector increased by 2.4%, an improvement compared to April, when the growth was 1.4%. At the same time, the decline in GVA in the extractive industry slowed to 10.4%. This was aided by the recovery of gas extraction and an increase in the extraction of construction materials.
In contrast to industry, agriculture experienced a decline in May: real GVA decreased by 2.4%.
Trade, Transport, and Energy
Retail turnover in the first quarter of 2025 increased by 4.8%, indicating a gradual recovery in consumer activity. However, the transport sector experienced a GVA decline of 6.4% in May. In the first five months of the year, “Ukrzaliznytsia” delivered 22.2 million tons of cargo to ports, of which 12.7 million tons were grain crops. At the same time, the volume of grain exports decreased by 30% compared to the same period last year due to seasonal sales declines while awaiting the new harvest.
“The decline in the extractive industry slowed to 10.4% in May, attributed to the recovery of gas extraction and the increase in the extraction of construction materials.”
Electricity imports in May increased by 3.6% compared to April, reaching 198,000 MWh, indicating rising demand from the industrial sector and households.