Author: Jan Lennart Beering.
Abstract: This paper explores the application of very high-resolution (VHR) satellite imagery for economic nowcasting. VHR optical satellite imagery is globally available in near real-time, offering a valuable alternative data source for regions with limited conventional data, especially those affected by crises. By analyzing changes in vehicle numbers, my findings accurately reflect the shifts in Kyiv’s economic activity immediately following the full-scale russian invasion. This observed change was primarily by population displacement.
Cite as: Beering, J. L. (2025). Applying Very High Resolution Satellite Imagery in Nowcasting. Visnyk of the National Bank of Ukraine (Occasional Papers, 2025/03). https://doi.org/10.26531/vnbu2025.op03.
