The public sector accounted for 11.1% of Ukraine’s economy in 2016, while in the first quarter of 2017 (Q1 2017) its share was at 16.3%, according to the website of the Ministry of Economic Development and Trade.
In terms of economic activities, the state share in agriculture, forestry, and fisheries was at 4% in 2016 (54.5% in Q1 2017), 14.6% in industrial production (14.5%), 6.7% in mining and quarrying (4.9%), 4% in processing industry (4.4%), 48.4% in gas, electricity, and steam supplies (42.6%), 2% in water supplies and waste handling (3.3%), 0.6% in construction (1.1%), 1.1% in wholesale and retail trade (2.2%), 31% in transport, warehousing, postal and courier services (22.2%), 2.8% in temporary accommodation and catering (5.1%), 3.4% in IT and telecom (6.2%), 0.4% in finance and insurance (0.3%), 1.6% in real estate transactions (2.9%), 33.8% in R&D (68%), 0.5% in administrative services (0.7%), 1.2% in education (2.2%), 1.4% in health care and social assistance (2.7%), and 13.7% in arts, sports, entertainment, and recreation (28.3%).
At the same time, the state-run companies accounted for 0.7% of the total number of economic entities in 2016 (6.6% in Q1 2017). In 2016, the said companies provided 11% of net revenue in the country’s economy (16.3% in Q1 2017) and accumulated 18.6% in assets (25.9%). Moreover, the state-owned companies provided 9.7% of all capital investments. (UNIAN/Business World Magazine)