The Economy of Ukraine
Ukraine at a Glance
Ukraine is a large European country with fertile farmland, heavy industry and a growing IT sector, whose economy has been transformed by war.
Ukraine is Europe’s largest country by area after Russia, with rich black-soil farmland and a well-educated population.
Before the war
It had about 40 million people, a middle-income economy and strong exports of grain, sunflower oil, metals and IT services.
Location
It lies between the EU and Russia, giving it strategic importance for trade and energy.
Since 2014
Conflict and then full-scale invasion in 2022 have devastated parts of the economy.
Ukrainian wheat and corn feed people across Africa, the Middle East and Asia.
It has a rich economic structure.
- Ukraine has fertile black soil.
- It exports grain and metals.
- It has a strong IT sector.
- War has reshaped the economy.
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