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This fifth Rapid Damage and Needs Assessment (RDNA5), undertaken jointly by the World Bank Group, the Government of Ukraine, the European Union, and the United Nations, with support from additional partners, provides updated estimates of damage and losses as well as recovery and reconstruction needs. It presents an overview of nearly four years of impact, covering 46 months between February 2022 and December 2025.As of December 31, 2025, total damage is estimated at US$195.1 billion, about 10.8 percent higher than in RDNA4, with housing, transport, and energy sectors most affected. Socioeconomic losses have risen to US$666.7 billion, reflecting a 13.2 percent increase since RDNA4, driven largely by disruptions to commerce, industry, public services, and livelihoods. Recovery and reconstruction needs continue to grow and are now estimated at US$587.7 billion over a 10 year horizon—equivalent to almost three times Ukraine’s 2025 GDP. Meeting these needs requires sustained efforts to restore damaged assets, ensure continuity of essential services, and rebuild infrastructure using a build back better (BBB) approach. Damage, losses, and needs remain concentrated in frontline oblasts and major metropolitan areas. The Government of Ukraine is taking significant steps to meet recovery and reconstruction priorities for 2026, including public investment projects and non-investment programs.Enabling private sector–led recovery, promoting sustainable and inclusive development and job creation, and expanding area based, integrated approaches to reconstruction—such as through the government’s pilot Comprehensive Recovery Program initiated in 2024—will be essential.