Ukrainian ІТ Industry: Reboot in the Wartime – by IT Ukraine Association

Ukrainian ІТ Industry: Reboot in the Wartime

The rapid growth of the industry by more than 50% during 2019-2021 continued up to the War and, according to the National Bank of Ukraine, in February 2022 reached the highest monthly indicator of export in the history of the Ukrainian IT market – $839 million, which is 43% more than for the same period in 2021 ($480 million).

According to the results of 2021, the industry provided 37% in the export of computer services and USD 6.8 billion of the income to the economy of Ukraine, paid UAH 23.5 billion worth of taxes and fees. At the beginning of 2022, 285,000 IT professionals were working in the industry.

During the first quarter of 2022, the IT industry provided record-high $2 billion of export income in wartime. A similar figure in 2021 was $1.44 billion. Therefore, the volume of IT exports has increased by 28%.

In March 2022, the Ukrainian IT industry maintained 96% of computer services exports ($ 522 million) compared to the similar period last year ($ 546 million) and proved its resilience in the time of instability and increased risks.

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