In January, Ukraine’s GDP grew by 3.5% with help from logistics and investment.

January’s GDP growth compared to December 2023 occurred due to investment demand generated by the budget, and the availability of foreign markets for domestic manufacturers due to the expansion of logistics capabilities. Also contributing were the revitalization of the Ukrainian maritime corridor’s operation and a partial lifting of the the blockade on the border with Poland.

According to the Ministry of Economy, the main economic sectors demonstrated positive dynamics in January. The transport industry was supported by increased domestic rail transport and seaport cargo processing.

“Further recovery of economic activity came from export-oriented industries, namely metallurgy, mining of metal ores and agro-processing, as well as energy, which not only caused positive trends in the industry but also created demand for products of related types of activities,” added the Ministry of Economy.

Also, the construction industry is growing due to the demand for investment to preserve budget funding for the restoration of damaged critical infrastructure. In January, positive recovery trends were observed in agriculture and domestic trade.