Ukraine Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Ukraine's foreign reserves was $46.2B in 2025, ranked 45th globally. This represents a 5.6% increase from 2024. Data from World Bank, covering 1992–2025.
Overview
Ukraine's foreign reserves stood at $46.2B in 2025, a rise of +$2.4B from 2024. Based on recent trends, this figure is projected to reach $46.2B by 2025. Ukraine ranked 45th globally.
Ukraine’s foreign‑exchange reserves have expanded dramatically since the early 1990s, rising from a modest 468,913,725.05 in 1992 to an all‑time peak of 46,228,995,405.22 in 2025, the 45th‑largest stock globally. The trough of 166,106,210.47 recorded in 1993 reflects the post‑Soviet adjustment period, after which a sustained accumulation trend began, accelerated by export growth, remittance inflows and periodic balance‑of‑payments support. Over the 34‑year coverage, the reserve stock has increased by more than 98 times, outpacing many regional peers; for example, Hungary’s 2025 holdings stand at 47,352,830,983.74, while Bulgaria’s total is 47,260,614,323.10. The upward trajectory underscores Ukraine’s efforts to bolster external liquidity amid geopolitical uncertainty and to meet IMF‑mandated adequacy ratios. Continued diversification of export markets and stable fiscal policies will be crucial to preserving this growth, although a sharp external shock could reverse the current trend.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $54.0B | - | - |
| 2026* trend | $50.1B | - | - |
| 2025* trend | $46.2B | - | - |
| 2025 | $46.2B | +$2.4B | #45 |
| 2024 | $43.8B | +$3.3B | #45 |
| 2023 | $40.5B | +$12.0B | #47 |
| 2022 | $28.5B | −$2.5B | #58 |
| 2021 | $31.0B | +$1.8B | #57 |
| 2020 | $29.1B | +$3.8B | #57 |
| 2019 | $25.3B | +$4.5B | #55 |
| 2018 | $20.8B | +$2.0B | #57 |
| 2017 | $18.8B | +$3.3B | #59 |
| 2016 | $15.5B | +$2.2B | #63 |
| 2015 | $13.3B | +$5.8B | #65 |
| 2014 | $7.5B | −$12.9B | #74 |
| 2013 | $20.4B | −$4.1B | #53 |
| 2012 | $24.6B | −$7.2B | #52 |
| 2011 | $31.8B | −$2.8B | #46 |
Detected Pattern
Analysis
Ukraine matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Ukraine's foreign reserves was $46.2B in 2025. Ranked 45th globally. This represents a 5.6% increase from the previous year.
Ukraine's foreign reserves peaked at $46.2B in 2025.
The lowest foreign reserves in Ukraine was $166.1M in 1993.
Ukraine ranks 45th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Ukraine's foreign reserves is projected to reach $46.2B by 2025 based on trend extrapolation.
Ukraine's foreign reserves was approximately 46.23 billion ($46.2B) in 2025.
The foreign reserves of Ukraine in 2025 was $46.2B. This ranks 45th in the world.
Cite this page
@misc{historysaid_ukraine_reserves,
title = {Ukraine Foreign Reserves},
url = {https://historysaid.com/ukraine/reserves/},
publisher = {HistorySaid},
year = {2026}
}