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Country Snapshot - Ukraine  

HighlightsRankingsQuantitative DataLegislationAnalytical WorkProject Portfolio
  • Eastern Europe & Central Asia
  • Lower middle income
  • 45,759,961 (2011)
  • 3,010
Ukraine Flag
Below are select highlights for the data included in the profile.

  1. Ukraine’s overall Doing Business 2011 ranking is 145, recording a 2-point increase from last year.
  2. According to the latest Enterprise Surveys (2008), Political Instability and Tax Rates represent the top constraints to firm investment in Ukraine. Among the firms surveyed, 55.10% of them identified Tax Rates as a major constraint on investment, higher than the regional average (40.08%).
  3. Among the 20 countries covered by the Investing Across Sectors indicators in Eastern Europe and Central Asia, Ukraine imposes restrictions on foreign equity ownership that are more severe than in most other countries. While most of the primary and manufacturing sectors are fully open to foreign capital participation, Ukraine imposes ownership restrictions in a number of service sectors. Foreign capital participation in the domestic and international air transportation sectors is limited to 49%.
  4. Ukraine’s economic freedom score is 45.8, making its economy the 164th freest out of 183 countries in the 2011 Index. Its score is 0.6 point lower than last year, primarily because of declines in government spending and freedom from corruption. Ukraine is ranked last out of 43 countries in the Europe region, and its overall score is lower than the world average. The global economic downturn has erased the gains of years of economic growth. Significant structural reforms included competitive tax rates and membership in the World Trade Organization after a 14-year accession process. With export growth facilitated by these earlier reforms, Ukraine has gradually returned to the path of economic growth since mid-2010. Nonetheless, structural constraints and political instability continue to undermine private-sector development.