Surplus of Ukraine's balance of payments grows by 2.5 times

The surplus of the balance of payments in the first half of 2016 was estimated at US$407 million.

In June 2017 alone, the surplus of the balance of payments totaled $306 million, the NBU said.

Read alsoFT: Ukraine's economy has turned a cornerThe deficit of the current account in June 2017 was US$518 million, while there was the US$88 million surplus in June 2016. The formation of the negative balance of the current account is explained by the growing deficit of foreign trade in goods and services, as well as by the growth of the negative balance of primary income account, in particular, due to the payment of dividends.

In general, the deficit of the current account in the first half amounted to US$1.6 billion, which was US$0.6 billion more than in the same period last year.

As UNIAN reported, Ukraine posted its balance of payments in 2016 with a surplus of US$1.346 billion, which was 1.6 times more than in 2015 when the surplus was US$849 million.

At the same time, the balance was positive for the second year in a row after a negative balance of US$13.3 billion in 2014.

The NBU forecasts that the deficit of the balance of payments by the end of 2017 might amount to US$4.3 billion, or 4.4% of GDP, and will remain US$4.3 billion in 2018 and 2019, falling to 4.1% and 3.7% of GDP, respectively.