Four years of full-scale war : How Ukraine is building economic strength

Abstract

It has been over a decade since Russia launched military actions against Ukraine and this week marks the fourth anniversary since the full-scale invasion, yet Ukraine’s economy continues to grow, evolve and even innovate. The preliminary estimate from Ukraine’s state statistics service (Ukrstat) shows the country’s GDP grew by around 2 % last year even with heating and electricity outages affecting most of the country 8‒14 hours a day. International support, adequately proportioned and timely responses by Ukraine’s officials, along with the preservation of a functional market economy, have been central to Ukraine’s remarkable tale of survival.