Ukraine’s IT exports should double by 2025, to $8.5 billion

Ukraine’s IT exports should double by 2025, to $8.5 billion, according to a forecast prepared by App Annie, a multinational data research company. Last year, exports grew by 25% yoy, to $4.5 billion, estimates the report, commissioned by Kyiv’s UNIT.City innovation park and Western NIS Enterprise Fund. Barely visible a decade ago, IT now is Ukraine’s fourth largest export – after agriculture, labor remittances, and metals. About 70% of the exports are computer outsourcing jobs performed in Ukraine for foreign companies.