During the last 4 years the contribution of the Ukrainian IT sector to GDP of Ukraine has increased from 0,6 to 3,3%.
PwC experts who did their independent macroeconomic research at the commission of the IT committee of the European business association claim that Ukrainian export-oriented IT sectors can have a twofold increase and generate over 27,2 billion hryvnas of revenue for the state budget in 2020.
During the last 4 years the contribution of the Ukrainian IT sector to GDP of Ukraine has increased from 0,6 to 3,3%. (from 1,1 billion dollars to 2,7 billion dollars). This substantial result has been achieved due to the intensively growing number of programmers – from 42 400 to 91 700.
Apart from the direct contribution of IT to the budget PwC also studied its indirect contribution to the economy of Ukraine. For instance, deposits of IT specialists amounted to 5,8 billion hryvnas, while the surrender of forex proceeds – 2 billion hryvnas. The income of Ukrainian banks was over 1,7 billion hryvnas.
But the situation can change in that the risks of loosing the growth rate of IT services is quite high. The sector used to grow by 27$ (2011-2012) and 30% (2013), but these figures dropped to 7% in 2015. Unlike Ukraine, IT markets of Poland (22%), Belarus (12$) and Romania (19%) are intensively growing and developing.
There is a high risk of losing a lot of specialists of this segment that is very appealing to foreign companies in terms of relocation to other countries.
Interaction with the government will be conducive to a substantial increase in contribution of the Ukrainian IT sector to the country’s GDP – from 3.3 to 4.5% that will amount to 5.1 billion dollars of revenue in 2020, while the number of workplaces will increase from 420 000 to 670 000.