$100 BILLION INVESTMENT. SOON YOU WOULDN’T RECOGNIZE THE ECONOMY OF UKRAINE

Do not be surprised if in the next 5 years the economy of Ukraine will not just grow by 40%, but will increase the GDP in dollar terms by 2 times.

Those who doubt the growth of GDP over 5 years by 40% can check a few figures from Ukrainian history:

1. 2000−2004 ($31.26 bn — $64.88 bn) —100% growth over 4 years.
2. 2009−2013 ($117.2 bn — $183.3 bn) — 56% growth over 4 years.
3. 2015—2019 ($91.3 bn — $150 bn) — 64% growth over 4 years.

Therefore, do not be surprised if in the next 5 years the economy of Ukraine will not just grow by 40%, but will increase the GDP in dollar terms by 2 times.

The formulas are known:

1. Land reform.
2. Program of energy independence of Ukraine.
3. Digitalization of Ukraine.
4. The program of transport infrastructure modernization.
5. Substitution of the income tax by the tax on withdrawn capital.
6. Launching the defined contribution plan system.
7. Development of the program to provide Ukrainians with quality housing.
8. Updating the education and science system in Ukraine.

Of course, economic growth is not an end in itself, but an essential condition for improving society’s well-being, because when there are investments the demand for labor grows, and hence wages grow as well. Therefore, we are waiting for the government’s programme designed for the next 5 years and coordinating our positions.

Anatoly Amelin, director of economic programmes of the UIF

First published: NV