Icon
Come back

1 min

15 Dec. 2023

8307

In 2023, Ukrainian exports of IT services will not grow for the first time: research data

Popular
Ukraine
In 2023, Ukrainian exports of IT services will not grow for the first time: research data

This year, for the first time in recent years, Ukrainian exports of IT services did not show growth. The results of a study published in a research report by IT Research Ukraine show that the volume of exports even recorded a slight decline. Learn more about the reasons and why the technology industry continues to be one of the key sectors in the Ukrainian economy

More useful news in our Telegram channel
More useful news in our Telegram channel
FOLLOW


Exports of IT services from Ukraine are on the decline. According to IT Research Ukraine, by the end of 2023, its volume will amount to $6.7 to $7.1 billion. This was reported by Lviv IT Cluster with reference to the study.


Here is the reason for the decline in Ukrainian exports of IT services in 2023.


Exports of IT services from Ukraine may decline by almost 8%: a new study


The study shows that the volume of IT services exports will be 2.3-7.7% lower than in 2022, amounting to $6.7 to $7.1 billion. This is the first decline in technology exports since Ukraine's independence compared to the previous year.


The IT sector accounts for 4.9% of Ukraine's GDP, and each company that hires an IT specialist creates and retains 2.7 jobs. However, in 2023, the total turnover of the IT industry is expected to increase to $8 billion, compared to $7.97 billion last year and $7.89 billion in 2021.


The number of Ukrainian IT specialists increased by 8% to 307,000 in 2023. The average salary in the IT sector is $2,630, which is $270 more than in 2022.




Visit Ukraine on social media: Telegram | YouTube | Instagram | Facebook | Twitter | TikTok




Stepan Veselovsky, CEO of Lviv IT Cluster, noted that the technology industry remains key to the Ukrainian economy, with computer services accounting for 41.5% of total exports. Although this is less than in the previous year (45.5%), it is still the largest share among other exported services.


According to the National Bank of Ukraine, in the third quarter of 2023, the total export revenue of IT services amounted to $1.6 billion, which is 5.5% less than in the same period of 2022, i.e. $95 million in dollar terms. 


The volume of computer services decreased by 8.4% to $5 billion compared to 2022, with a decline of $460 million in the first nine months of 2023.

We remind you! Recently, there has been a significant increase in the number of Ukrainians seeking temporary protection in the European Union. Find out more about which countries are the most popular among Ukrainians.


Photo: Pixabay

Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




Our recommendation for a safe and comfortable trip: 


Visit Ukraine Insurance - insurance for a safe stay abroad without unnecessary expenses;

Green Card - compulsory car insurance for traveling abroad;

Visit Ukraine Tickets - book tickets for buses, trains, and airplanes to/from Ukraine and between cities around the world;

Private Lawyer service - professional legal support on visa and migration issues;

Visit Ukraine Merch - buy patriotic clothing and accessories with worldwide delivery.




© 2018-2023, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.

All rights reserved.

Recommended articles

2 min

Insurance What is the difference between a foreign company's motor third party liability insurance and a green card?

What is the difference between a foreign company's motor third party liability insurance and a green card?

When staying in another country or planning to travel abroad in your own car, you should take care of safety. Most drivers purchase a Green Card before leaving, but those who stay abroad for a long period of time may consider purchasing a foreign company's motor insurance. Read more about the difference between these two types of insurance in the article

14 Dec. 2023

More details

2 min

Travel Where to go skiing in Poland? Top of the most popular ski resorts

Where to go skiing in Poland? Top of the most popular ski resorts

Poland is rich in a large number of ski resorts for lovers of outdoor activities, skiing and snowboarding. Find out more about the top most popular ski resorts in the country

14 Dec. 2023

More details

3 min

Documents Registering a company in Ukraine: instructions for a foreigner

Registering a company in Ukraine: instructions for a foreigner

Starting a business in Ukraine requires some preparation and knowledge of the legal framework, especially for a foreigner. Find out more about how to register a company for a resident of the country and what you need to do

15 Dec. 2023

More details

2 min

Cost of living How many years do you need to work to buy your own apartment in different EU countries?

How many years do you need to work to buy your own apartment in different EU countries?

Many Ukrainians currently living abroad are considering buying their own home. At this point, it is important to research the availability of apartments in different EU countries and determine how many years of work you need to do to be able to buy your own property in Europe. Find out how many years it takes to save for an apartment in the EU

15 Dec. 2023

More details