🇺🇦 Ukraine
Public Sector Debt · 2026
Total Debt
112.8%
of GDP
Global Rank
#20
of 192
S&P Rating
CCC+
Credit rating
SOE Debt
+2.4%
2 categories
5yr Change
+48pp
rising
Where the Debt Sits
Central Government
Central Government: 110.4%Energy SOEs: 1.8%Infrastructure: 0.6%
Who Holds This Debt
Holder Breakdown
Domestic 40%
Foreign 60%
Domestic: 40%Foreign: 60%
Currency Denomination
Local 35%
Foreign 65%
Local currency: 35%Foreign currency: 65%
Full Debt Breakdown
Central Government110.4% of GDP
Central GovernmentIMF WEO — General Government Debt
110.4%Energy SOEs1.8% of GDP
Naftogaz (state energy)Naftogaz 2024 Financial StatementsCurrent liabilities UAH 144.8B incl UAH 50.2B borrowings
1.8%Infrastructure SOEs0.6% of GDP
Ukrzaliznytsia (state railways)Ukrzaliznytsia Eurobond restructuring 2024Eurobonds $703M + $352M after capitalization
0.6%Total Corporate Debt12.0% of GDP
Nonfinancial corporate debt (est.)World Bank/NBU/IMF 2024
12.0%Household Debt5.0% of GDP
Household debt (est.)World Bank/NBU/IMF 2024
5.0%All Layers Total129.8%
Credit Ratings
S&P
CCC+
Moody's
Ca
Fitch
CCC-
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 2026110.4% GDP
Ranking Neighbors
Compare Ukraine with other countries
Enter the Arena