Data Points

Ukraine's economy shrank by 6.6% in 2014 following the loss of the country's largest trading partner, the annexation of Crimea, and the War in the Donbas. The stressed economy further shrunk in 2015 by 9.9% leading to the closure of 70 banks (roughly half) within the country. In 2016 the direction turned positive and GDP stabilized as growth reached 1.5% and the country began to pull itself out of recession. The economic forecast for 2017 provided by the IMF is expected to exceed 2% as the country experiences a second year of positive economic growth.

Credit rating agencies Standard & Poors and Fitch Ratings have upgraded Ukraine's financial health to 'B-", Outlook Stable. In the first quarter of 2017 GDP grew by 2.4%, and Ukraine has seen foreign exchange reserves hit a 3-year-high as of May 2017.

  • EBRD Guided Program for Financial Sector Development by 2020  [1]
  • USAID assisted Financial Sector Transformation Project  [2]
  • Ukraine economy expected to exceed 2% growth in 2017, IMF  [3]
  • Standard & Poors upgrades Ukraine's credit rating to 'B-', Outlook Stable  [4]
  • Fitch upgrades Ukraine's credit rating to 'B-', Outlook Stable  [5]
  • Ukraine's foreign exchange reserves hit 3-year-high in 2017  [6]​

Data Points Sources

Financial Sector