Ukrainian IT sector has grown by 540 percent

FacebookFacebook MessengerTwitterLinkedInTelegramPinterestPocket

Over the last ten years, exports from the Ukrainian IT sector have grown by 540 percent—from $243 million to $1.311 billion, according to a recent report, writes atlanticcouncil.org.

This puts it in third place among Ukrainian exports. IT companies brought in 4.1 billion hryvnias ($146 million) in tax revenue to the state budget in 2017—a figure that has been growing by approximately 27 percent annually since 2015, according to Ukraine’s State Fiscal Service. In 2018, this figure is projected to reach 10 million hryvnias ($357 million).

FacebookFacebook MessengerTwitterLinkedInTelegramPinterestPocket