Ukraine’s current account switched to a deficit of USD 0.762 billion in January 2023 from a USD 0.769 billion surplus in the corresponding month of the previous year, dragged by a sharp fall in goods and services from USD 0.174 billion to USD -3.425 billion. The decline was partially limited by a rise in the primary income to USD 0.850 billion (vs USD 0.265 billion in January 2022) and the secondary income - to USD 1.813 billion (vs USD 0.330 billion). source: National Bank of Ukraine

Current Account in Ukraine averaged -322.15 USD Million from 2010 until 2023, reaching an all time high of 2218.00 USD Million in December of 2019 and a record low of -2498.00 USD Million in September of 2013. This page provides - Ukraine Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ukraine Current Account - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Current Account in Ukraine is expected to be 1000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ukraine Current Account is projected to trend around -300.00 USD Million in 2024 and -600.00 USD Million in 2025, according to our econometric models.

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Ukraine Current Account

Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 03:50 PM Dec $0.183B $0.244B $ 1.5B
2023-03-01 04:00 PM Jan $-0.762B $0.060B $-0.2B
2023-03-31 03:00 PM Feb $-0.762B $0.2B

Related Last Previous Unit Reference
Balance of Trade -1910.60 -2584.30 USD Million Jan 2023
Current Account -762.00 60.00 USD Million Jan 2023
Current Account to GDP -1.30 3.40 percent of GDP Dec 2021
Imports 5042.10 6070.80 USD Million Jan 2023
Exports 3131.50 3486.50 USD Million Jan 2023
External Debt 124239.00 128556.00 USD Million Sep 2022
Capital Flows 3412.00 5603.00 USD Million Sep 2022
Foreign Direct Investment 176.00 210.00 USD Million Sep 2022
Remittances 3277.00 3209.00 USD Million Sep 2022

Ukraine Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-762.00 60.00 2218.00 -2498.00 2010 - 2023 USD Million Monthly

News Stream
Ukraine Current Account Shifts to Surplus in December
Ukraine’s current account switched to a surplus of USD 0.183 billion in December 2022 from a USD -1.085 billion deficit in the corresponding month of the previous year. The primary income rose to USD 0.800 billion from USD -0.659 billion, and the secondary income increased to USD 3.292 billion from USD 0.431 billion in December 2021. On the other hand, goods and services declined further to USD -3.909 billion from USD -0.857 billion.
Ukraine Current Account Widens in October
Ukraine recorded a current account deficit of USD 693 million in October of 2022, widening from the USD 70 million gap in the corresponding period of the previous year and marking the largest deficit since the start of the Russian invasion this year. The goods account gap widened to USD 1,416 million from USD 623 million in October 2021, while the services account recorded a deficit of USD 1,178 million from a surplus of USD 366 million. In the meantime, the primary account swung to a surplus of USD 975 million from a gap of USD 196 million. Lastly, the secondary account surplus widened to USD 926 million from USD 383 million. The current account deficit in October contrasted to wide surpluses in recent months, largely due to a monthly plummet in receipts from the secondary account.
Ukraine Current Account Balance Shifts to Surplus
Ukraine recorded a current account surplus of USD 1,894 million in September of 2022, compared to a USD 819 million deficit in the corresponding month of the previous year. The primary income account posted a surplus of USD 1,027 million, switching from a USD 1,060 million gap and the secondary income surplus widened to USD 3,063 million from USD 458 million. Meanwhile, the goods and services deficit rose to USD 2,196 million from USD 217 million. Considering Q3, the country recorded a surplus of USD 5,177 million, versus a USD 1,366 million gap in the comparable year-earlier period.