CURRENT TRENDS IN ECONOMIC DEVELOPMENT OF UKRAINIAN REGIONS

Authors

DOI:

https://doi.org/10.15407/econlaw.2025.01.061

Keywords:

sold products, gross value added, industry, agriculture, trade, transformation

Abstract

Russian armed aggression has sharply slowed down the socio-economic development of Ukraine, causing a colossal loss of human capital, productive and non-productive assets, disruption of logistics and economic ties. The destruction and losses resulted in a significant transformation of the national economy. The purpose of the article is to assess the dynamics and efficiency of the functioning of basic (or productive) types of economic activity in the regions of Ukraine and outline the prospects for their development. The article examines the latest vectors of structural and spatial transformation of the economy of Ukraine. Based on the analysis of the values of the gross domestic product indicator of Ukraine, structural changes in the national economy for 2021-2023 are diagnosed. Vectors of the development of basic types of economic activity, in particular industry, agriculture, trade and construction, are established, in comparison with the losses incurred in the conditions of a full-scale war. The emphasis is on the positive transformation of the structure of industrial and, in particular, metallurgical products in Ukraine. Changes in the export potential of the domestic processing industry by industry are analyzed. Changes in the economic specialization of the regions of Ukraine are determined by the criterion of the share of basic types of economic activity in gross value added. The results of the functioning of the economies of the regions are assessed by indicators of the volume of sold products, output, employment and labor productivity. The prospects for the restoration and further development of the industrial sector of the economy of Ukraine on the principles of neo-industrialization and technological self-sufficiency are outlined.

Author Biography

Svitlana ISHCHUK, SI «Institute of Regional Research n.a. M.I. Dolishniy of the NAS of Ukraine»

Dr. Sc. (Econ.), Professor, Head of the Department of problems of real sector of regions economy

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Published

2025-04-22

How to Cite

ISHCHUK, S. (2025). CURRENT TRENDS IN ECONOMIC DEVELOPMENT OF UKRAINIAN REGIONS. Economics and Law, 76(1), 61–73. https://doi.org/10.15407/econlaw.2025.01.061