Gross external debt of Ukraine

Name: Gross external debt of Ukraine (2017)
Creator: НБУ

last update: 24.09.2025

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 2017 (mln. US dollars)
	Gross external debt
as of 31.12.2016	104,4	4.3	4.3%
as of 31.01.2017	101,5	-3.0	-2.9%
as of 28.02.2017	100,3	-1.1	-1.1%
as of 31.03.2017	99,5	-0.8	-0.8%
as of 30.04.2017	98,3	-1.2	-1.2%
as of 31.05.2017	99,1	0.8	0.8%
as of 30.06.2017	98,9	-0.1	-0.1%
as of 31.07.2017	99,4	0.4	0.4%
as of 31.08.2017	99,4	0.0	0%
as of 30.09.2017	103,4	4.1	4.1%
as of 31.10.2017	101,1	-2.4	-2.3%
as of 30.11.2017	101,1	0.0	0%
as of 31.12.2017	102,7	1.6	1.6%

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 Dec 2017
	Currency	%	eq. mln. USD
USD	US dollar	71,4	83236,6
EUR	Euro	12,7	14805,4
XDR	SDRs	12,0	13989,4
RUB	Russian ruble	1,9	2215,0
UAH	Ukrainian hryvnia	1,1	1282,4
	other	0,9	1049,2
	Total		116578,0

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	100,0	-79855.0	-99.9%
as of 31.12.2008	112,0	-101547.0	-99.9%
as of 31.12.2009	100,0	-103296.0	-99.9%
as of 31.12.2010	100,3	-117242.7	-99.9%
as of 31.12.2011	100,0	-126136.0	-99.9%
as of 31.12.2012	100,0	-134965.0	-99.9%
as of 31.12.2013	100,0	-141979.0	-99.9%
as of 31.12.2014	104,7	-126203.3	-99.9%
as of 31.12.2015	99,3	-118629.7	-99.9%
as of 31.12.2016	104,4	-113413.6	-99.9%
as of 31.12.2017	102,7	-116475.3	-99.9%
as of 31.12.2018	98,1	-114611.9	-99.9%
as of 31.12.2019	98,8	-121640.2	-99.9%
as of 31.12.2020	99,2	-125590.8	-99.9%
as of 31.12.2021	100,2	-129610.8	-99.9%
as of 31.12.2022	100,0	-131898.0	-99.9%
as of 31.12.2023	104,5	-161428.5	-99.9%
as of 31.12.2024	101,1	-180537.9	-99.9%
as of 30.11.2025	100,9	-0.2	-0.2%

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	100	-79855	-99.9%	за 2007	142 719	34966	32.5%	0.1%
on 31.12.2008	112	-101547	-99.9%	за 2008	179 992	37273	26.1%	0.1%
on 31.12.2009	100	-103296	-99.9%	за 2009	117 228	-62765	-34.9%	0.1%
on 31.12.2010	100	-117243	-99.9%	за 2010	136 419	19192	16.4%	0.1%
on 31.12.2011	100	-126136	-99.9%	за 2011	163 160	26740	19.6%	0.1%
on 31.12.2012	100	-134965	-99.9%	за 2012	175 781	12622	7.7%	0.1%
on 31.12.2013	100	-141979	-99.9%	за 2013	183 310	7529	4.3%	0.1%
on 31.12.2014	105	-126203	-99.9%	за 2014	131 805	-51505	-28.1%	0.1%
on 31.12.2015	99	-118630	-99.9%	за 2015	90 615	-41190	-31.3%	0.1%
on 31.12.2016	104	-113414	-99.9%	за 2016	93 270	2655	2.9%	0.1%
on 31.12.2017	103	-116475	-99.9%	за 2017	112 154	18884	20.2%	0.1%
on 31.12.2018	98	-114612	-99.9%	за 2018	130 832	18678	16.7%	0.1%
on 31.12.2019	99	-121640	-99.9%	за 2019	153 781	22949	17.5%	0.1%
on 31.12.2020	99	-125591	-99.9%	за 2020	155 582	1801	1.2%	0.1%
on 31.12.2021	100	-129611	-99.9%	за 2021	199 770	44188	28.4%	0.1%
on 31.12.2022	100	-131898	-99.9%	за 2022	161 990	-37780	-18.9%	0.1%
on 31.12.2023	105	-161428	-99.9%	за 2023	181 220	19230	11.9%	0.1%
on 31.12.2024	101	-180538	-99.9%	за 2024	190 740	9520	5.3%	0.1%
on 30.11.2025	101	0	0%	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	2,1	-1163.1	-99.8%	за 2007	3068,4	765.1	33.2%	46512,1
on 31.12.2008	2,4	0.3	12.6%	за 2008	3891,9	823.4	26.8%	46248,5
on 31.12.2009	2,2	-0.2	-10.3%	за 2009	2545,6	-1346.2	-34.6%	46050,8
on 31.12.2010	2,2	0.0	0%	за 2010	2973,9	428.3	16.8%	45871,7
on 31.12.2011	2,2	0.0	0%	за 2011	3570,4	596.4	20.1%	45698,3
on 31.12.2012	2,2	0.0	0%	за 2012	3856,7	286.3	8.0%	45578,7
on 31.12.2013	2,2	0.0	0%	за 2013	4029,9	173.3	4.5%	45487,4
on 31.12.2014	2,4	0.2	8.8%	за 2014	3010,1	-1019.8	-25.3%	43787,8
on 31.12.2015	2,3	-0.1	-3.1%	за 2015	2115,1	-895.0	-29.7%	42842,3
on 31.12.2016	2,4	0.1	5.6%	за 2016	2185,6	70.5	3.3%	42675,4
on 31.12.2017	2,4	0.0	0%	за 2017	2639,9	454.3	20.8%	42484,6
on 31.12.2018	2,3	-0.1	-4.0%	за 2018	3094,5	454.6	17.2%	42278,6
on 31.12.2019	2,4	0.0	0%	за 2019	3659,0	564.4	18.2%	42028,6
on 31.12.2020	2,4	0.0	0%	за 2020	3724,3	65.3	1.8%	41774,8
on 31.12.2021	2,4	0.0	0%	за 2021	4824,4	1100.1	29.5%	41408,0
on 31.12.2022	2,4	0.0	0%	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