Current transformations in Ukraine take place on the background of structural macroeconomic misbalances. National economy failed to renew and achieve the level of 2008 in the decade of 2008-2017. It testifies to the existing of recession and stagflation. Introduction of advanced technologies that would be the drivers of transition of national economy to the new technological structure significantly constrain the low paces of capital investment and accumulation of fixed capital. Restoration of fixed capital plays an important role for structural transformations in national economy of Ukraine. The problem has achieved almost the critical level in the country. The level and dynamics of innovative processes development are the indicators of the country’s economic condition and perspective opportunities of national economy transformation. The analyzed trends show that the efficiency of innovative activity does not correspond to the requirements of maintenance of innovative development of national economy in Ukraine and scientific research and developments were not funded in 2008-2017 in the amounts established by Ukrainian law. The paper emphasizes the need of monetary expansion with the view to boost national economy growth. Transformation of national economy based on innovative and technological development is not possible without the country’s proactive approach to the governance of national innovative activity, improvement of institutional mechanisms of maintenance of development and transformation of the architectonics of innovative development governance system. Based on the conducted analysis that shows the critical level of national economy development one can argue that Ukraine has to change its approach to transformation of national economy. 

national economy, innovative development, structural transformations, Gross Domestic Product, capital investment