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Ukrainian IT sector keeps showing considerable resilience to shock

Ukrainian IT sector keeps showing considerable resilience to shock

Before the war, IT was one of the fastest developing sectors of Ukraine’s economy. The Russian aggression hit the IT sector painfully, despite IT companies beginning to prepare for Russia’s aggression well in advance. Compared to the rest of the Ukrainian economy, this sector is in good shape, but little growth should be expected this year.

Surveys of the sector commissioned by the IT Ukraine Association found that nearly 70% of IT specialists have moved to the western part of Ukraine and have kept working. Around 2% of IT specialists enrolled in the army. As of March 25, 2022, 5% of IT workers have signed up for Ukraine’s cyber force — a powerful self-organized community of IT specialists to conduct information war. Many specialists are involved in volunteering activities, helping with cyber-security, or in some way, participating in the information resistance.

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