Before the war, the national IT industry became one of the largest exporters of IT services in Europe, which grew by 25-30% every year and generated more than 4% of Ukraine's GDP. The IT market was the largest and constantly evolving due to formal education and switching, providing the most significant number of IT graduates.
The war started a new countdown in the history of the industry. According to the results of ten months of 2022, the sector brought USD 6 billion in export revenue to the economy of Ukraine and reached a growth mark of 10% compared to the previous year. According to our forecasts, by the end of the year, the industry will generate 7.1 billion US dollars and a 2.2% growth in the volume of exports relative to 2021.
In the conditions of war and numerous challenges, the IT industry and the entire country demonstrate remarkable resilience. The sector remains the only export branch of Ukraine, which fully works in wartime, maintains the country's economic front, actively helps the army and supports a powerful volunteer movement.
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