Ukraine will need approximately $524 billion for reconstruction over the next decade – Visual Capitalist, in cooperation with Inigo, visualized the reconstruction costs by sectors, highlighting those that require the most funds.
The visualization is based on data from the World Bank’s fourth Rapid Damage and Needs Assessment (RDNA4). It is noted that currently the full-scale Russian invasion has hit the housing sector the hardest. By the end of 2024, 13% of houses in the country were damaged or destroyed. Over the next decade, it is estimated that $83.7 billion will be needed to restore the lost housing.
The second sector by volume of investment needed for its restoration is transport ($77.5 billion over the next decade). About $44.3 billion will be required for road repairs, and $20.3 billion for railways.
Ukraine’s energy sector accounted for 14% of GDP and employed 3% of the population before the Russian invasion. Currently, $67.8 billion will be needed for its restoration over the next 10 years.
The total need for reconstruction of the trade and industrial sector in the next decade amounts to $64.4 billion.
According to RDNA4, the revival of the trade-industrial sector is a priority because millions of people depend on it for work and livelihoods. The sector also makes a significant contribution to meeting critical needs during reconstruction.
It is noted that Ukraine’s economic recovery depends on the use of the dynamism and competitiveness of the private sector, as well as its multiplier effect to maintain export-based growth and promote job creation, innovation, and overall sustainable development. Surveyed companies identified a number of priority areas requiring government support. These include improving business regulation, promoting development of business links and access to value chains in accordance with international market requirements, solving the problem of shortage of skilled labor, tax benefits and incentives, and others.
