The Ukrainian economy is considered to be a lower middle income economy. The economy has witnessed considerable growth rate and is expected to grow with a CAGR of 3.9% to reach $269 billion by 2017. The country is the 26th most populous economy and 44th largest economy in the world. Ukraine's importance as an investment destination is based on the geostrategic importance as it shares borders with Europe.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this country and presents its findings in "Ukraine Country Analysis 2012-2017: An Evaluation of Political, Social, Economic, and Business Risk.”
The study of Ukraine from the risk perspective is the major focus of the report. This study provides a concise overview of the political, economic, social, technology, and business risk analysis of the country.
According to Lucintel's study, the economic crisis hit the global economy badly and most of the economies witnessed negative trend. Although the Ukrainian economy maintained a strong growth rate unlike other European countries, the crisis disrupted the macroeconomic and financial stability of the country. The Ukrainian emission money scandal and Euro corruption scandal have increased the ranking of Ukraine in world corruption ranking. The main causes of corruption in Ukraine are a weak justice system and an over-controlling and non-transparent government combined with business-political ties and a weak civil society.
Despite the challenges, the government of the country has maintained a stability that has supported the industrial and other government policies to sustain for longer period and has also accelerated the country's GDP growth. The population of the country is expected to increase during the forecast period as there is a decrease in the death rate.
This report highlights different aspects of the country including geographical location, economic performance, quarterly trend, sectoral contribution, FDI by industry, trend of population, per capita income, trend of inflation, balance of payment, budget deficit, trade structure, foreign exchange reserve and exchange rates, R&D expenditure, etc.