Heavy industries, commerce, construction and the service sectors have been hit hard, whilst there has been significant state spending on de-mining, infrastructure recovery and social benefits.
From: Kyiv Post by Olena Hrazhdan
Since Russia launched its full-scale invasion in February 2022, current and projected figures point to $1.2 trillion in lost revenue and $386 billion in lost added value for Ukraine.
The estimates, from Kyiv School of Economics (KES), cover the period February 2022 to June 2024 (actual losses) and a forecast up to the end of 2025 (projected losses).
KSE analysis is based on looking at the revenue of companies in 2021 (prior to the full-scale invasion) and revenue in 2022-2023, combined with forecasts for economic development from the International Monetary Fund (IMF).
The data help to show what the state of Ukraine’s economy might have been had the invasion not happened and how it has affected the sectors and regions that contribute most to Ukraine’s GDP.
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