In the first 11 months of 2024, Ukraine's economy grew by 4% [±0.5%]. In November, the growth rate slightly slowed to 0.9% compared to November 2023.
"The main drivers of economic growth in 2024 remain the transportation and construction sectors, manufacturing, and domestic trade. State support programs have played a role, including grant programs for manufacturing, business creation and development, accessible 5-7-9% loans, the ‘eOselya’ housing program, and other initiatives within the ‘Made in Ukraine’ policy. Additionally, the increase in the procurement of Ukrainian military-industrial complex products is stimulating the growth of machine engineering," said Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko.
Sectors showing positive dynamics in November:
- Transportation (thanks to the stable operation of the Ukrainian maritime corridor)
- Construction (due to government support programs)
- Domestic trade (due to steady internal demand and product availability)
- Manufacturing industry (due to business recovery and development programs, access to imported electricity, and alternative energy supply capacities)
- Extractive industry (due to the operation of new gas extraction wells).
