Ukrainian IT Industry is One of The Main Drivers of Its Economic Growth - EBA

Sep 23, 2015

The European Business Association, the premier organization for foreign business in Ukraine, has drawn public attention to the importance of the Ukrainian ‪‎IT industry for the national economy and its huge untapped potential.

Today IT is on the top 5 industries which will develop the Ukrainian economy in the next 5 years. Offshore software development companies in Ukraine provide services to the Banking, Automotive, Health-care, Telecom, Aerospace and other industries. They serve as a source of knowledge and experience, which can further be applied in Ukrainian start-up and e-government initiatives.

This infographic is sourced from the EBA

Key figures of the Ukraine's IT industry

Key figures:

  • Ukraine has one of the Top 3 IT market pools in Europe.
  • There are currently more than 74,000 (2016: 80,000) Ukrainian IT professionals, and this number is expected to grow to 180,000 (2016: 220,000 IT professionals is a new forecast) by 2020. These professionals  are primarily located in outsourcing centers like Kyiv, Kharkiv, Dnipropetrovsk, Lviv, and Odesa.
  • Ukraine produces 22,000+ (2016:36,000) graduates in IT related fields per year.
  • In 2014 exports of IT services in Ukraine reached USD 1,5 billion. 

The IT industry has is experiencing strong and stable growth and generates over 15,000 highly-paid jobs annually. According to information in the EBAs report, one IT specialist generates 3-4 jobs in other industries. This is how software developers have become Ukraine’s middle class, creating jobs and generating economic growth. 

Read more about IT salaries in Ukraine

Check out a recent video to welcome investors to Ukraine and to demonstrate its potential. Video produced by The Ministry of Economic Development and Trade of Ukraine.

Looking to hire software developers in Ukraine? Daxx can help!

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