IT Sector Monitor Ukraine

  • Sector was growing steadily, but its growth is hampered by the RUS full-scale invasion since 2022
  • Significant loss of importance for economy in 2022 due to wartime disruptions to operations and infrastructure, reduced foreign demand amid global uncertainty, and the relatively stronger performance of budget-funded sectors like public administration, defense, education, healthcare
  • Since then, IT sector steadily accounts for 3% of total GVA
  • Underreporting of sectoral GVA data since 2022 in addition possible as data less reliable, because reporting became voluntary.
  • While national estimates are produced using modelling methods, uneven reporting across sectors could affect the reliability of GVA shares
  • Sector’s share in GVA below pre-war
  • Increasing underreporting of data since war possible