Ukraine reduced the share of its debt in 2021.

 At the end of December 2021, Ukraine’s public debt amounted to UAH 2.36T ($86.6B), about 45.2% of the country’s projected GDP, reported the Ministry of Finance.  The total public and state-guaranteed debt at the end of 2021 amounted to UAH 2.67T ($97.95B). At the same time, the ratio of total debt to GDP decreased to 51.1% (subject to nominal GDP in 2021 amounting to UAH 5.2T). Of the total public debt, 45% is domestic debt (IGLBs), and 55% is external debt. The external debt consists of loans from international financial organizations (24.7% of total public debt), Eurobonds (26.5%) and other debt obligations. For comparison, Ukraine ended 2020 with a total obligation of UAH 2.6T ($90.25B). Of this, UAH 2.3T was public debt ($79.9B), or 53.9% of nominal GDP. Overall, in 2021, the share of debt decreased by 8.7%.