Tag Archives: Ukraine

According to allcountrylist, Ukraine is a large Eastern European country with a population of around 45 million. It has a mixed economy that is transitioning from a centrally planned system to one based on free market principles. The main economic sectors in Ukraine are industry, agriculture and services. Industry accounts for around one third of Ukraine’s GDP and employs around 20% of the population. The main industries are metallurgy, machine building, energy production, chemicals and food processing. Ukrainian industry has traditionally been focused on heavy industries such as steel production but the sector has diversified in recent years with the emergence of new IT and high-tech industries. Agriculture makes up around 10% of Ukraine’s GDP and employs around 30% of the population. The main crops grown are wheat, corn, barley, sugar beets, sunflowers and potatoes as well as fruits and vegetables for the domestic market or export. Livestock production also plays an important role in Ukraine’s agricultural sector with poultry, pigs and cattle being raised for both meat and dairy products. The services sector makes up the bulk of Ukraine’s economy accounting for around half of its GDP and employing around 50% of its population. This includes tourism as well as banking and other financial services which have become increasingly important in recent years due to foreign investment into the country. Overall, Ukraine’s economy is slowly transitioning towards becoming more self-sufficient through diversifying its economic sectors encouraging investment from abroad. The government has been actively encouraging foreign investment through tax incentives and other measures aimed at making it easier for investors to do business in the country which has helped to boost growth in certain sectors such as IT and banking which were previously underdeveloped compared to other European countries. Agriculture in Ukraine has a long and varied history, with evidence of early settlers cultivating grains and root crops as far back as 5000 BC. These early settlers used traditional farming methods to cultivate wheat, rye, millet and other crops. In the modern era (1991-present), Ukraine has continued to rely heavily on agriculture for its food supply and economic stability. The main crops produced are wheat, corn, barley and sunflower seeds as well as vegetables such as potatoes, onions and tomatoes. In addition to these traditional crops, sugar beets are also grown for both domestic consumption and export. Livestock production is also an important part of the economy with cattle being the main livestock species raised. Today there is an increased focus on sustainable agricultural practices with an emphasis on organic methods being adopted by many farmers around the country. This shift towards organic farming has seen an increase in production of various fruits including apples which are becoming increasingly popular among consumers around the world due to their high nutritional value. In addition to traditional crops such as grains, legumes and vegetables other important commodities grown in Ukraine include grapes, cherries, strawberries and plums which are used for both domestic consumption and export. See collegesanduniversitiesinusa for Ukraine Education and Training.