Macroeconomic indicators of the Ukrainian economy in 2024 show growth, but positive dynamics are slowing down. The growth potential represented by the economic recovery from the fall in 2022 has been exhausted. Real GDP in the second quarter of 2024 increased by 0.2% compared to the previous quarter (seasonally adjusted), and by 3.7% compared to the second quarter of 2023. The volume of industrial production increased by 8.1% in the first half of the year. The following sectoral dynamics are observed for the first six months of the year:
- metallurgy (+29.8%)
- food industry (+15.9%)
- mining industry (+9.3%), particularly metal ore mining (+27.6%)
- energy (+1.5%)
- mechanical engineering (-0.9%)
At the same time, the volume of completed construction works in Ukraine increased by 37.1% to ₴82.4B in the first half of the year. Further business activity is restrained by the shelling of critical infrastructure, worsening exchange rate expectations, and labor shortages.