Since the beginning of the great war, Ukraine’s economy has suffered indirect losses estimated at more than a trillion dollars. According to the Kyiv School of Economics (KSE), together with the Ministry of Infrastructure, other relevant ministries and the NBU, the total amount of indirect losses is $1.164 trillion.
Source: kse.ua
This includes current and projected losses in revenue and value added, which amount to $385.7 billion. The largest losses were in the services, trade, industry, and construction sectors.
The biggest losses in key sectors
According to the KSE report, the largest losses in terms of revenue are in the following sectors:
- Trade: $450.5 billion
- Industry, construction and services: $409.9 billion
- Agriculture: $83.1 billion
- Energy: $43.1 billion
- Transportation: $38.8 billion
Additional costs and losses
Ukraine also faces additional costs as a result of the war, including:
- Mine clearance: $42 billion
- Housing sector: $22.4 billion (the bulk of the costs are related to higher rental prices – $15.4 billion)
- Social payments: $10 billion
- Dismantling of destroyed facilities and waste removal: $13.4 billion
Other affected sectors include:
- Healthcare: $11.4 billion
- Education and science: $14.5 billion
- Financial sector: $4.3 billion
- Culture, sports and tourism: $7.3 billion
- Digital infrastructure and IT sector: $19.3 billion
Impact on the housing sector
The indirect losses of the housing sector are estimated at $7.7 billion, and its recovery continues to put significant pressure on the economy.
“The numbers are a little scary – more than a trillion dollars in revenue and almost $400 billion in value added,” comments Dmytro Goryunov, co-chair of the project to calculate Ukraine’s losses from the war at KSE.
