KIEV, Jan. 30 - Ukraine's current account deficit widened to $11.9 billion or 6.7% of GDP in 2008 from $5.3 billion or 3.7% of GDP in 2007, the National Bank of Ukraine, citing preliminary data, reported on its website.

The current account deficit grew as the visible trade deficit rose to $16 billion, the central bank said.

Due to the global financial crisis, inflows of long-term capital have been slowing since September 2008 and there has been a substantial outflow of short-term financial resources amid falling export revenue, the NBU said.