Page 33 - UKRRptJune18

5.0 External Sector & Trade
Balance of payments
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017E
2018E
Current account balance, USD bln
-12.8
-1.7
-3
-10.2
-14.3
-16.5
-4.6
-0.2
-3.5
-3.5
-2.8
% GDP
-7.1%
-1.5%
-2.2%
-6.3%
-8.1%
-9.0%
-3.4%
-0.2%
-3.7%
-3.2%
-2.1%
Financial account balance, USD bln
9.7
-12
8
7.8
10.1
18.6
-9.1
0.6
4.7
5.7
2
% GDP
5.4%
-10.2%
5.9%
4.8%
5.8%
10.1%
-6.8%
0.6%
5.0%
5.3%
1.5%
FDI net, USD bln
9.9
4.7
5.8
7
7.2
4.1
0.3
3
3.3
2.3
2
% of GDP
5.5%
4.0%
4.2%
4.3%
4.1%
2.2%
0.2%
3.3%
3.5%
2.1%
1.5%
Gross NBU reserves (eop), USD bln
31.5
26.5
34.6
31.8
24.5
20.4
7.5
13.3
15.5
18.8
19
Source: SP Advisors
5.1 External sector overview
Ukraine’s balance of payments deficit reduced by 50% year on year to $272bn for the first quarter of 2018 (January to March) according to NBU; the deficit in the balance of payments was estimated to be $75mn in March 2018 alone Ukraine's national currency, the Hryvnia, strengthened against the US dollar by 1.2% in April 2018, and by 6.5% since the start of the year, according to the NBU’s Macroeconomic and Monetary Review for April 2018 $272bn deficit in its balance of payments over the period January March 2018 (Q1), which was 50% down from the deficit y/y, according to NBU; the deficit in the balance of payments was estimated to be $75mn in March 2018 alone.
33 UKRAINE Country Report June 2018 www.intellinews.com