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Ukraine's GDP rose to 5.3% in November despite attacks on the energy sector

In November, Ukraine's real GDP growth rose to 5.3% compared with 2.3% in October. The increase was driven by the agricultural sector, domestic trade, construction and manufacturing; public spending and international support also contributed.

Oleg Bazylewicz

By Oleg Bazylewicz

December 11, 2025 · 1 min read

Ukraine's GDP rose to 5.3% in November despite attacks on the energy sector

November GDP Acceleration

In November 2025, the year-on-year growth of Ukraine's real GDP amounted to 5.3%, while in October it was 2.3%. The figure indicates an acceleration in the economy's growth rate at the end of autumn.

Sectoral Drivers of Growth

The main factors behind the acceleration were the agricultural sector, activity in the domestic trade market, growth in construction, and the development of manufacturing. At the same time, capacity utilization increased in pharmaceuticals, furniture production, woodworking, the food industry, and the textile industry.

The Ukrainian economy continues to grow despite power supply disruptions caused by massive attacks on critical infrastructure; businesses are further adapting to the difficult conditions. And in doing so, Ukraine is demonstrating more dynamic growth than the Russian Federation.

— Oleksiy Sobolev, Minister of Economy, Environment and Agriculture

Financing and Structural Changes

Growth is supported by development programs for businesses and international aid, which stimulate domestic production. Budget funding for the restoration of damaged infrastructure, housing construction, and procurements for the defense industry plays a significant role.

Structural shifts are also taking place: the share of higher value‑added sectors is increasing. For example, the share of machinery manufacturing rose to 9% compared with 5.7% in 2021.

  • The State Statistics Service recorded an acceleration of GDP growth in the third quarter of 2025 to 2.1% year-on-year, which exceeds the Ministry of Economy's previous estimate of 2%.
  • Based on the nine-month results, real GDP growth stands at 1.3% when accounting for the State Statistics Service's quarterly data.

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May 26, 2026