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Economy and Banking Sector of Ukraine

National Currency

Ukrainian Hryvnia (UAH)

Inflation Rate

CPI, Year Average (2021)
9.4 %   (2020: 2.7 %)

According to , inflation rate in Ukraine in 2021 expressed as annual percentages of average consumer prices was 9.4% which was above the Euro Area average (2.6%) and above the European Union average (2.9%). Inflation rates in 2022 - 2025 are IMF's estimates.

Inflation Rate in Ukraine.

Chart 1. Inflation Rate in Ukraine. Source: International Monetary Fund.

Unemployment Rate

Unemployment Rate (2021)
9.8 %   (2020: 9.2 %)

According to , unemployment rate in Ukraine in 2021 was 9.8% which was above the Euro Area average (7.7%). Unemployment rates in 2022 - 2025 are IMF's estimates.

Unemployment Rate in Ukraine.

Chart 2. Unemployment Rate in Ukraine. Source: International Monetary Fund.

Credit Ratings (as of Sep 2024)

Fitch
CC (very high levels of credit risk)
Moody's
Ca (in default with little prospect for recovery), outlook stable
Scope
SD (in default)

Ukraine has sovereign credit ratings assigned by American credit rating agencies Fitch and Moody's: the rating set by Fitch is CC (very high levels of credit risk), outlook ; the rating set by Moody's is Ca (in default with little prospect for recovery), outlook stable. Scope Ratings, the European rating agency, rated Ukraine as SD (in default), outlook .

Fitch and Moody's rating data are provided for September 2023, Scope Ratings for September 2024.

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