Opendatabot has unveiled its latest index, which identifies the leading Ukrainian businesses based on turnover volumes. In 2023, the energy sector topped the list as the most successful industry in terms of procurement by enterprises. Additionally, the banking sector has secured a strong position within the ranking. The industries dominating the top echelon include:
- energy, holding a sizable 20.59% share corresponding to ₴745.9 billion;
- wholesale trade, capturing 14.8% of the market equal to ₴535.3 billion;
- retail trade, accounting for 12.6% with ₴457.3 billion in turnover;
- extractive industry, representing 10.1% of the turnover at ₴365.3 billion;
- processing industry, contributing 8.76% with a turnover of ₴317.5 billion;
- banking industry, holding 6.5% of the turnover amounting to ₴236.4 billion;
- transport and mail, comprising 6.1% of the turnover, reaching ₴219.8 billion.
Within the banking division, the leading banks by turnover consist of Privatbank — leading significantly with 42.99%, followed by Oschadbank with 9.88%, and Raiffeisen Bank closely behind at 9.55%. Other notable banks include PUMB (6.79%), Universal Bank (6.68%), Ukrsibbank (6.52%), Sens Bank (5.47%), OTP Bank (4.39%), Ukrgasbank (3.9%), and Credi Agricole Bank (3.82%). The remaining turnover covers 20.57% or ₴745 billion spread across other various industries.
FAQs About Ukraine’s Business Sectors by Turnover
- Which sector leads the ranking for business turnover in Ukraine?
- The energy sector leads the rankings, with a 20.59% share totaling ₴745.9 billion in turnover.
- What is the position of the banking industry in this ranking?
- The banking industry is also a significant player, attaining 6.5% of total turnover which is about ₴236.4 billion.
- Which bank holds the highest percentage of total turnover within the banking sector?
- Privatbank holds the highest percentage within the banking sector at 42.99% of the total turnover.
- Do these industries cover most of Ukraine’s turnover?
- Yes, these industries combined account for a substantial portion of Ukraine’s turnover, with other industries making up 20.57% or ₴745 billion.
Conclusion
The latest turnover data released by Opendatabot reveals valuable insights into Ukraine’s economic landscape. The energy sector’s robust performance underscores its vital role in driving the country’s economy. The inclusion of the banking sector and several other industries like wholesale, retail trade, and the extractive industry also reflect a diverse and dynamic market. Understanding these financial dynamics can provide potential investors and stakeholders with a clearer picture of where the opportunities for growth and investment lie within the Ukrainian economy.
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