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Publication date: 20.05.2024
Lawyer
How Diia.City and the IT industry as a whole affect the economy of Ukraine
The IT industry in Ukraine is a rapidly developing industry that has a significant impact on the country's economy. A recent study conducted by Diia.City and IT Ukraine "Digital Tiger: The Power of Ukrainian IT" contains a comprehensive analysis of the state of the IT market in Ukraine, comparing it with other countries, highlighting its technological potential and innovative opportunities. This article explores key research findings and examines how IT Ukraine and the IT industry impact Ukraine's economic landscape.
## Ukraine as an IT country
Ukraine is home to a thriving IT industry, with **2,150 IT companies** operating on its territory. Key areas of focus include **Business Productivity Software**, **Martech & Media**, **Fintech & InsurTech**, **HealthTech & Wellness** and **E-Commerce & Retail**. These sectors are vital not only for the domestic market, but also play a crucial role in the global IT ecosystem.
### Key statistics
- **Number of IT companies**: 2150
- **Most Popular Areas**: Business Productivity Software, Martech & Media, Fintech & InsurTech, HealthTech & Wellness, E-commerce & Retail
## Ukraine on the global IT market
The global nature of the IT sector of Ukraine is confirmed by the growth of the number of startups, which now number about **2,600 promising projects**. An amazing **90% of these startups** predict high growth potential in the near future. This optimism is confirmed by the competitive advantage of Ukraine, which offers innovative solutions and a highly qualified workforce.
### Comparative analysis
In 2022, Ukrainian export of IT services amounted to **4.6% of national GDP**, which is a significant figure compared to other countries:
- **India**: 2.8%
- **Czech Republic**: 1.8%
- **Poland**: 1.8%
- **Brazil**: 0.2%
## IT ecosystem
Diia.City and the IT ecosystem in Ukraine are characterized by a high level of innovation and a support infrastructure for technology companies. Despite challenges, including a decrease in the number of taxpayers by **3.1%** last year, tax contributions to Diia.City and the IT sector increased by **11.5%**, highlighting its resilience and economic importance.
### Economic contributions
- **Export of IT services**: 4.6% of GDP
- **Increase in taxes**: 11.5% despite a 3.1% decrease in taxpayers
## Significance of Diia.City and IT industry of Ukraine
Diia.City and the IT industry of Ukraine as a whole are not only a pillar of economic stability, but also a beacon of innovation and growth. The country's resilience in the face of external pressure, particularly Russian aggression, underscores its potential as a center of technology and investment. The study highlights that Ukraine offers significant opportunities for partnership and investment in various sectors.
### Strategic importance
- **Investment Opportunities**: Significant potential in partnership and industry investments
- **Resilience and Growth**: Demonstrated ability to thrive in challenging environments
## Conclusion
The study "Digital Tiger: The Power of Ukrainian IT" paints a vivid picture of a dynamic and sustainable IT industry, thanks in particular to Diia.City, which is crucial to the Ukrainian economy. Thanks to the growing number of IT companies and startups, a significant contribution to GDP and a favorable global position, Ukraine is strengthening its image as a leading center of innovation. The impact of Diia.City and the IT sector as a whole on the economy is profound, it promotes growth, attracts investments and demonstrates the technological power of Ukraine on the world stage.
This research is a vital tool for promoting Ukraine's IT capabilities to international partners, experts and the media, providing an objective view of a sector that is key to Ukraine's future economic success.
