Research shows open data brings over $700 million into Ukraine's economy in 2017 - Apr. 25, 2018

Research shows open data brings over $700 million into Ukraine’s economy in 2017

Published April 25, 2018. Updated April 26 at 4:57 am

Deputy Economy Minister Maxym Nefyodov gives thumbs-up to members of parliament after they approved the 2016 budget. ProZorro, an online system of transparent public procurement championed by Nefyodov, was approved as part of the legislation for all state purchases.

Photo by Courtesy (Ukrinform)

Open data in 2017 brought more than $700 million, or 0.67 percent of GDP, into the economy of Ukraine, according to a study conducted by the Kyiv School of Economics (KSE) in partnership with the Open Data Institute (London).

“If Ukraine continues to work with open data, in particular publish data sets from government decree No. 835, then economic benefits from open data until 2025 will be up to $1.4 billion, or 0.92 percent of GDP,” said KSE member Arthur Kovalchuk, who is one of the authors of the study.

The study showed that today about 3,000-4,000 people directly work with open data, and its further development will lead to the need for personnel with experience in collecting, analyzing, using data.