The country may have the largest information technology labor force in Europe, and it exports billions of dollars worth of software to the world every year.
In 2015, Ukraine earned about $2.5 billion from exports of the country’s software and IT services. And the figures produced by Ukraine’s tech industry indicate accelerating growth, year after year.
“The IT sector in Ukraine experiences 25 percent growth annually, and if you add it all up, it has risen by ten times on the amount it was ten years ago,” Olena Minich, director of Ukrainian Economic Ministry’s department of innovations and intellectual property, told Radio Liberty on Feb. 8. “It’s estimated by IT specialists, companies and associations that export volumes in 2015 were the equivalent of $2.5 billion a year.”