Soboliev: Ukraine's GDP will grow by 3-4% in September-October, Russia's economy is approaching zero
Photo: Oleksiy Sobolev

Minister of Economy, Environment and Agriculture Oleksiy Sobolev estimated Ukraine's GDP growth in August 2025 at about 5.3% compared to the same month last year. He said this reported during an hour of questions to the government.

According to Sobolev, the main drivers of economic growth are construction, manufacturing, and agriculture.

The Minister of Economy expects growth to continue in the second half of the year. Thus, in September and October, GDP growth is expected to reach 3-4%.

"This will really set us apart from Russia, where growth is slowing down every month and will reach almost 0% by the time we see 3.4% growth in September and October, which is due to various factors, but the fact is that we are holding our ground," Sobolev emphasized.

This demonstrates the resilience of the Ukrainian economy compared to Russia, where growth is slowing and approaching zero.

As for the forecasts for 2026, the economic growth rate is estimated at about 2.5% due to the war. Earlier, the World Bank predicted a higher figure, given the possible end of the war, but realities have made adjustments.

According to Sobolev, the investment fund from the US will reach $200 million by the end of next year.

"Of course, they will be spread out over time, but we also know that there is a great deal of interest in co-financing the fund's projects, and hundreds of millions of dollars more will be invested in the near future. This will have a corresponding impact on GDP. But it is too early to give estimates; we will see over the next few years," Sobolev added.