Reconstruction will stimulate Ukraine’s GDP growth, but it will require €500B.

Kateryna Rozhkova, Deputy Head of the National Bank, stated during FinYear 2025 that despite the numerous challenges Ukraine faced, the economy adapted and grew last year.

“Last year’s GDP grew by about 3.4%. This is slightly lower than our forecasts, but it still represents growth. In the coming years, we expect the economy to continue growing at 3.6-4% per year. This growth will occur due to the restoration of consumer demand and the reconstruction of destroyed facilities. The onset of large-scale reconstruction in the country will strengthen economic growth,” Rozhkova added.

According to Prime Minister Denys Shmyhal, the cost of Ukraine’s reconstruction is estimated at around €500 billion, and European companies are able to invest in these efforts.

“Such a reconstruction could become a magnum opus for Europe, uniting and strengthening all our cooperation,” the official said.

Ukraine’s war losses have reportedly increased by 7% over the year, with the housing, transport, energy, trade, and education sectors suffering the most. The Ukrainian government has allocated $7.37B for priority needs in 2025, with donor support.