The Ministry of Economy projects Ukraine's GDP growth at 3.6% for 2024.

The growth of Ukraine's real gross domestic product (GDP) in 2024 is projected to be 3.6%, stated First Deputy Prime Minister of Economy Yulia Svyrydenko during a meeting of the parliamentary economic committee.

"The expected GDP growth in 2024 is 3.6%, of which +0.6% is attributed to the 'Made in Ukraine' policy. Ukrainian exports increased by 15.2% in monetary terms, reaching $41.7 billion," Svyrydenko wrote on her Facebook page.

Among the key achievements, she noted that 67% of state revenues from enterprises came from critically important entities that ensured the retention of their employees. Furthermore, privatization revenues exceeded planned figures by three times, reaching 12 billion UAH.

"This year, we will focus on maintaining the pace of economic recovery and enhancing economic self-sufficiency," Svyrydenko emphasized.

According to State Statistics, in 2024, the growth of real GDP in the first quarter was 6.5%, in the second - 3.7%, and in the third - 2%. Inflation reached 12% by the end of the year.

The National Bank of Ukraine adjusted its economic growth forecast for 2024 from 3.7% to 4%, and for 2025 from 4.1% to 4.3% in October. However, the inflation forecast was worsened: from 8.5% to 9.7% for 2024 and from 6.6% to 6.9% for 2025.

The Ministry of Economy previously anticipated that in 2024, GDP would grow by 3.9% with inflation at 9.5%, while the 2025 budget is based on a growth forecast of 2.7% and inflation of 9.5%.

Svyrydenko noted that in 2025, the implementation of the "Made in Ukraine" policy aimed at developing domestic production will continue. According to the ministry's estimates, budget investments of 35 billion UAH in 2024 will generate a GDP increase of 88 billion UAH.

Particular attention will be paid to expanding localization in public and defense procurement, excluding countries that are part of the GPA. Additionally, as part of the compensation program for farmers, plans are in place to increase the number of agricultural machinery producers by 20%, and in the program for compensating the costs of other equipment, to attract over 100 new manufacturers.

In 2025, the state will continue to support industrial parks, allocating 1 billion UAH for their infrastructure. There are also plans to sign four more special investment agreements for projects with significant investments.

The reform of state property management and the privatization process will continue. "We expect to restart the public-private partnership mechanism," Svyrydenko added.

In the field of foreign trade, the focus will be on developing relationships with key partners: countries in the Pan-Euro-Med region, the Middle East, North Africa, and the Balkans, as well as strengthening dialogue with the USA. Ukraine aims to maintain a duty-free regime for steel exports.

"To support exports, plans include recapitalizing the Export Credit Agency and expanding trade financing instruments," the First Deputy Prime Minister emphasized.