NBU Expands Publication of External Sector Statistics
The NBU has expanded the publication of main external sector statistics tables on its official website with data in the euro and the hryvnia.
This practice is in line with Ukraine"s European integration track.
As a reminder, Ukraine was granted the EU candidate status in June 2023. Almost all developing member states of the European Union publish their main external sector statistics in the euro.
Complementing the external sector statistics with the data in the euro and in the national currency is the best practice for candidate countries.
In particular, candidates for EU membership granted their status before 2022 have already switched to publishing data in the euro (except for Turkey).
At the end of 2021, the NBU made a decision to start publishing external sector statistics in the euro and the hryvnia in March 2022, starting from the data for 2021.
However, it was postponed as data collection was hampered by the outbreak of the full-scale war.
At present, the program for the development of official statistics until 2028 envisages the introduction of the calculation and publication of external sector statistics in the euro in 2024.
Such expansion of data publication reflects the high share of external transactions in the euro, which continues to grow.
The statistical description of the data, their analysis, and forecast will continue to be published in U.S.
dollars.
The expanded data are published on the page External Sector Statistics in the Statistics section of the NBU’s official website.The time series of external sector statistics have been retrospectively recalculated in the euro and the hryvnia covering the period since 2015.
For reference
Stocks (data on international investment position, external debt) are recalculated at the exchange rate as of the reporting date.
Flows (balance of payments data, external trade in goods) are recalculated at average monthly exchange rates.
Data on international financial aid received (IMF loans, loans and grants received by the government) are recalculated at the exchange rate as of the date the funds are received.
