The NBU said how many Ukrainians will leave the country in 2025

Another 200,000 people will leave Ukraine this year. This is stated in the Inflation Report of the National Bank of Ukraine.

The document says that negative migration trends persist.

Despite the start of negotiations on a possible truce, their outcome remains uncertain, while shelling across Ukraine and terrorist acts against civilians continue," the report said.

The National Bank of Ukraine points out that the intentions of the recipient countries regarding the change or cancellation of the legal status of temporary protection of Ukrainian migrants after peace is achieved have not yet been finalised. In this regard, the NBU expects that net external migration will be maintained until significant security risks are eliminated.

At the same time, the regulator did not revise its forecast: in 2025, a further net outflow of about 0.2 million people is expected, while the beginning of the return of Ukrainian migrants is projected from 2026 at a similar level. In 2027, the pace of repatriation is estimated by the NBU to accelerate to around 0.5 million people.

The review notes that the return process will be gradual, so the labour shortage will remain throughout the forecast period.

This, in turn, will continue to stimulate wage growth faster than productivity growth, increasing inflationary pressure. In addition, labour shortages will restrain the economic recovery," experts forecast.