Since the beginning of the full-scale invasion, Ukraine’s total losses, including current and projected losses in revenue and value-added, are estimated at $1.164 trillion and $385.7 billion, respectively.

According to the Kyiv School of Economics (KSE) analytical team, the largest indirect revenue losses are in productive sectors, including trade ($450.5 billion), industry, including construction and services ($409.9 billion), and agriculture ($83.1 billion). Important infrastructure sectors, including energy ($43.1 billion) and transportation ($38.8 billion), also suffered significant losses.

In addition to revenue losses, Ukraine’s economy incurs significant additional costs. The largest are in the demining ($42 billion) and housing sectors ($22.4 billion). In the housing sector, the main costs are associated with additional expenses of citizens for renting housing ($15.4 billion). At the same time, government spending on social benefits has increased and continues to grow, amounting to $10 billion. The cost of dismantling destroyed facilities and removing waste across all sectors is $13.4 billion.

Losses also affect other sectors, such as healthcare ($11.4 billion), education and science ($14.5 billion), the financial sector ($4.3 billion), culture, sports and tourism ($7.3 billion), and digital infrastructure and the IT sector ($19.3 billion). The need to restore the housing and utilities sector, where indirect losses are estimated at $7.7 billion, is also putting significant pressure on the economy.

The Kyiv School of Economics analytical team estimated indirect losses in cooperation with the Ministry for Communities, Territories, and Infrastructure Development of Ukraine, other relevant ministries, and the National Bank of Ukraine. The calculations were made with the support of the Digital Transformation Activity (DTA).

Please follow the link for more details on the report and research methodology.