REUTERS
Ukraine posted balance of payments surplus at $849 million last year, as compared to a deficit of $13.3 billion in 2014, the National Bank of Ukraine (NBU) wrote on Facebook.
According to the regulator, last time Ukraine posted a balance of payments surplus was five years ago. The success is attributed to a significant reduction in current account deficit, recorded at its lowest last year since 2005, having decreased to $204 million, or 0.2% of GDP. The current account dynamics was also determined by a more rapid decline in imports (33.5%) compared with a decrease in exports (30.5%).
Read alsoUkraine's gold and forex reserves grow to $13.44 blnThe financial account surplus also contributed to an improvement in the country's balance of payments. Net attraction to the financial account amounted to $488 million, primarily due to significant volumes of official financing from Ukraine's international partners.
Read alsoUkraine posts $229 mln in balance-of-payments surplus in OctoberAs UNIAN reported earlier, Ukraine posted a surplus of Ukraine's balance of payments in January-November 2015 at $566 million against a $11.046 billion deficit registered in the same period in 2014.
In 2014, Ukraine's balance of payments turned to a deficit of $13.307 billion.