Gross external debt of Ukraine

Name: Ukraine's Gross External Debt (2006-2025)
Creator: НБУ

last update: 24.06.2025

Gross external debt as of a certain date represents the total outstanding amount of all existing obligations that must be repaid by debtors and that constitute liabilities of residents of the country’s economy to non-residents. In other words, this is the country's total debt on foreign loans and unpaid interest on them.

Gross external debt position of Ukraine in 2025 (mln. US dollars)
	Gross external debt
as of 31.12.2024	180 639,0	8953.0	5.2%
as of 31.03.2025	190 519,0	9880.0	5.5%

A distinction should be made between gross external debt and government external debt. Gross external debt includes both sovereign (government and National Bank) and non-sovereign debt (commercial banks, state-owned and joint-stock companies, etc.) Gross external debt is calculated in US dollars.

See also: https://bank.gov.ua

Currency breakdown of gross external debt of Ukraine on 31 Mar 2025
	Currency	%	eq. mln. USD
USD	US dollar	44,6	84971,4
EUR	Euro	39,9	76017,1
XDR	SDRs	9,8	18670,9
	other	4,6	8763,9
UAH	Ukrainian hryvnia	1,0	1905,2
RUB	Russian ruble	0,1	190,5
	Total		190519,0

SDRs – Special drawing rights of IMF

See the currency structure of the external debt in more detail

We will also provide data on Ukraine's gross external debt, starting from 2006 (by year).

Gross external debt position of Ukraine from 2006 to 2025 (mln. US dollars)
	Gross external debt
as of 31.12.2006	54 512,0
as of 31.12.2007	79 955,0	25443.0	46.7%
as of 31.12.2008	101 659,0	21704.0	27.1%
as of 31.12.2009	103 396,0	1737.0	1.7%
as of 31.12.2010	117 343,0	13947.0	13.5%
as of 31.12.2011	126 236,0	8893.0	7.6%
as of 31.12.2012	135 065,0	8829.0	7.0%
as of 31.12.2013	142 079,0	7014.0	5.2%
as of 31.12.2014	126 308,0	-15771.0	-11.1%
as of 31.12.2015	118 729,0	-7579.0	-6.0%
as of 31.12.2016	113 518,0	-5211.0	-4.4%
as of 31.12.2017	116 578,0	3060.0	2.7%
as of 31.12.2018	114 710,0	-1868.0	-1.6%
as of 31.12.2019	121 739,0	7029.0	6.1%
as of 31.12.2020	125 690,0	3951.0	3.2%
as of 31.12.2021	129 711,0	4021.0	3.2%
as of 31.12.2022	131 998,0	2287.0	1.8%
as of 31.12.2023	161 533,0	29535.0	22.4%
as of 31.12.2024	180 639,0	19106.0	11.8%
as of 31.03.2025	190 519,0	9880.0	5.5%

The results of a comparative analysis of Ukraine's external debt and GDP are also of great interest.

Dynamics of gross external debt and GDP of Ukraine from 2006 to 2025 (mln. US dollars)
Ukraine's Gross External Debt (Debt)			Gross domestic product of Ukraine (GDP)			Debt / GDP
on 31.12.2006	54 512			за 2006	107 753			50.6%
on 31.12.2007	79 955	25443	46.7%	за 2007	142 719	34966	32.5%	56.0%
on 31.12.2008	101 659	21704	27.1%	за 2008	179 992	37273	26.1%	56.5%
on 31.12.2009	103 396	1737	1.7%	за 2009	117 228	-62765	-34.9%	88.2%
on 31.12.2010	117 343	13947	13.5%	за 2010	136 419	19192	16.4%	86.0%
on 31.12.2011	126 236	8893	7.6%	за 2011	163 160	26740	19.6%	77.4%
on 31.12.2012	135 065	8829	7.0%	за 2012	175 781	12622	7.7%	76.8%
on 31.12.2013	142 079	7014	5.2%	за 2013	183 310	7529	4.3%	77.5%
on 31.12.2014	126 308	-15771	-11.1%	за 2014	131 805	-51505	-28.1%	95.8%
on 31.12.2015	118 729	-7579	-6.0%	за 2015	90 615	-41190	-31.3%	131.0%
on 31.12.2016	113 518	-5211	-4.4%	за 2016	93 270	2655	2.9%	121.7%
on 31.12.2017	116 578	3060	2.7%	за 2017	112 154	18884	20.2%	103.9%
on 31.12.2018	114 710	-1868	-1.6%	за 2018	130 832	18678	16.7%	87.7%
on 31.12.2019	121 739	7029	6.1%	за 2019	153 781	22949	17.5%	79.2%
on 31.12.2020	125 690	3951	3.2%	за 2020	155 582	1801	1.2%	80.8%
on 31.12.2021	129 711	4021	3.2%	за 2021	199 770	44188	28.4%	64.9%
on 31.12.2022	131 998	2287	1.8%	за 2022	161 990	-37780	-18.9%	81.5%
on 31.12.2023	161 533	29535	22.4%	за 2023	181 220	19230	11.9%	89.1%
on 31.12.2024	180 639	19106	11.8%	за 2024	190 740	9520	5.3%	94.7%
on 31.03.2025	190 519	9880	5.5%	за 2025

In conclusion, the same data is calculated per capita (in US dollars):

Gross external debt (per capita)			Ukraine's GDP (per capita)			Population (thousand)
on 31.12.2006	1165,2			за 2006	2303,3			46781,8
on 31.12.2007	1719,0	553.8	47.5%	за 2007	3068,4	765.1	33.2%	46512,1
on 31.12.2008	2198,1	479.1	27.9%	за 2008	3891,9	823.4	26.8%	46248,5
on 31.12.2009	2245,3	47.2	2.1%	за 2009	2545,6	-1346.2	-34.6%	46050,8
on 31.12.2010	2558,1	312.8	13.9%	за 2010	2973,9	428.3	16.8%	45871,7
on 31.12.2011	2762,4	204.3	8.0%	за 2011	3570,4	596.4	20.1%	45698,3
on 31.12.2012	2963,3	201.0	7.3%	за 2012	3856,7	286.3	8.0%	45578,7
on 31.12.2013	3123,5	160.1	5.4%	за 2013	4029,9	173.3	4.5%	45487,4
on 31.12.2014	2884,5	-238.9	-7.6%	за 2014	3010,1	-1019.8	-25.3%	43787,8
on 31.12.2015	2771,3	-113.2	-3.9%	за 2015	2115,1	-895.0	-29.7%	42842,3
on 31.12.2016	2660,0	-111.3	-4.0%	за 2016	2185,6	70.5	3.3%	42675,4
on 31.12.2017	2744,0	84.0	3.2%	за 2017	2639,9	454.3	20.8%	42484,6
on 31.12.2018	2713,2	-30.8	-1.1%	за 2018	3094,5	454.6	17.2%	42278,6
on 31.12.2019	2896,6	183.4	6.8%	за 2019	3659,0	564.4	18.2%	42028,6
on 31.12.2020	3008,8	112.2	3.9%	за 2020	3724,3	65.3	1.8%	41774,8
on 31.12.2021	3132,5	123.8	4.1%	за 2021	4824,4	1100.1	29.5%	41408,0
on 31.12.2022	3207,8	75.3	2.4%	за 2022	3936,7	-887.7	-18.4%	41148,9

The population is on average per year
since 2014 – excluding the occupied territories (Crimea, Sevastopol, and parts of Donbas)

Gross external debt of Ukraine

Ukraine's Gross External Debt by years

Ukraine's Gross External Debt by years