UkraineKapitel
Ukraine’s economy is heavily affected by the ongoing war with Russia, which has disrupted production, trade, and infrastructure. Agriculture and industry remain important sectors, but output has fallen sharply, and many businesses struggle to operate. The country relies heavily on external financial support, while budget deficits and a constrained domestic revenue base continue to challenge public finances. Population displacement and emigration have reduced the labour force, and economic diversification is limited. Despite these difficulties, Ukraine has managed to maintain some export activity, particularly in agriculture and metallurgy, and continues efforts to adapt its economy under extremely challenging conditions.
Source: Coface
Kennzahlen
- Fläche
- 603,550 sq km
- Bevölkerung
- 37,860,221 (2024)
- Regierungsform
- semi-presidential republic
- Sprachen
- Ukrainian (official) 67.5%, Russian (regional language) 29.6%, other (includes small Crimean Tatar-, Moldovan/Romanian-, and Hungarian-speaking minorities) 2.9% (2001 est.)
- BIP
- $190.74 billion (2024)
- Wachstumsrate
- 2.9% (2024)
- HDI
- 87
- Hauptstadt
- Kiev
Makroökonomische Indikatoren
Growth in Ukraine is projected to weaken. The country’s economic expansion is likely to slow to 2% in 2025 from 2.9% in 2024 as Russia’s prolonged invasion affects investment and business activity. Gas imports reached their highest level in nearly two years as infrastructure damage constrained domestic production.
Weaker agricultural exports also slowed growth, reflecting unfavorable weather and the European Union’s reintroduction of the pre-invasion trade regime, which tightened restrictions on key Ukrainian agri-food exports.
During the first half of 2025, the value of exports dropped by almost 5% amid a contraction of exports to the European Union, the destination of almost 60% of Ukraine’s shipments abroad.
According to the fourth Rapid Damage Needs Assessment published in February 2025, Ukraine’s reconstruction and recovery costs are estimated at $524 billion—almost three times the country’s GDP in 2024.
Source: World Bank
IMF Statistics:
| Subject descriptor | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
|
All Items, Consumer price index (CPI), Period average, percent change Percent (Units) |
12.851 |
6.504 |
12.64 |
7.625 |
5.29 |
|
Current account balance (credit less debit), Percent of GDP Percent (Units) |
-5.277 |
-7.21 |
-16.507 |
-12.611 |
-5.444 |
|
Current account balance (credit less debit), US dollar US dollar (Billions) |
-9.564 |
-13.749 |
-34.618 |
-28.28 |
-12.986 |
|
Exports of goods and services, Volume, Free on board (FOB), Percent change Percent (Units) |
-8.484 |
16.821 |
2.99 |
14.874 |
14.262 |
|
Gross domestic product (GDP), Constant prices, Percent change Percent (Units) |
5.535 |
2.914 |
2.0 |
4.5 |
4.8 |
|
Gross domestic product (GDP), Current prices, Per capita, US dollar US dollar (Units) |
5326.189 |
5718.991 |
6381.676 |
6717.821 |
7014.455 |
|
Gross domestic product (GDP), Current prices, US dollar US dollar (Billions) |
181.228 |
190.687 |
209.713 |
224.259 |
238.531 |
|
Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change Percent (Units) |
18.488 |
5.971 |
19.298 |
4.696 |
5.502 |
|
Unemployment rate |
19.072 |
13.1 |
11.573 |
10.188 |
9.376 |
Estimates
Source: IMF Statistics - Ukraine
Luxemburg und das Land
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 30.09.2016 (Memorial 2001, A No.97, p.1921)
- Effective as of 01.01.2018 (Memorial 2001, A No.97, p.1921)
Articles 5, 10, 11, 12, 24, 26 and 28 (Memorial 2016, A No.270, p.4929-4946)
Effective as of 01.01.2018
Air Services agreement
- Agreement from 06.14.1994 (Memorial 1995, A, p. 1646)
- Effective as of 11.15.1995 (Memorial 1995, A, p. 2219)
Source: Administration des contributions directes
Weitere Informationen
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Ukraine
Embassy of the Grand Duchy of Luxembourg in Prague
Ambassador with residence in Prague: Mr Ronald DOFING
9 Street Apolinarska
CZ - 128 00 PRAHA 2
Czechia
Tel.: (+420) 257 18 18 00
Fax: (+420) 257 53 25 37
E-Mail: prague.amb@mae.etat.lu
Website: prague.mae.lu
Honorary Consuls
Kiev
Honorary Consul with jurisdiction over the Republic of Ukraine:
Mr Nikolai Mikhailovich NOVIKOV
1/10 Bankova st., office 17
01024 Kiev
Ukraine
Tel.: (+380) 44 4906929
E-Mail: skrynnik.oksana@gmail.com
Source: Ministry of Foreign Affairs of Luxembourg
Country risk as defined by Office du Ducroire for Ukraine
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Ducroire Office – Country Risk for Ukraine