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Industry of Ukraine has a strong material and technical base. The value of fixed assets is 644,767 million ₴ (as of 2007), which is almost 2.3 times more than the value of fixed assets in 2000. The complex employs more than 3.6 million workers, who together brought in industrial profits of 43,700.9 million ₴ (2007), which is 5 times more than in 2001.
Industry of Ukraine has a strong material and technical base. The value of fixed assets is 644,767 million ₴ (as of 2007), which is almost 2.3 times more than the value of fixed assets in 2000. The complex employs more than 3.6 million workers, who together brought in industrial profits of 43,700.9 million ₴ (2007), which is 5 times more than in 2001.
Overview
In the industry there are approximately 18% of the employed population of Ukraine (2008). Industry has created approximately 26% of GDP (2012). In the structure of industry, the highest share is occupied by ferrous metallurgy, mechanical engineering, electricity, chemical, and food industries. As of 2010, 66.3% of industrial output was accounted for by manufacturing, 22.7% by electricity and 11% by mining. The industry is dominated by the third and fourth technological systems. Their share in industrial production is 95%. The basis of these systems are metallurgical, chemical, light industry, fuel and energy complex, and most branches of mechanical engineering. The share of the fifth and sixth technological systems does not exceed 5%. The basis of these systems is theelectronics industry
The electronics industry is the industry (economics), industry that produces electronic devices. It emerged in the 20th century and is today one of the largest global industries. Contemporary society uses a vast array of electronic devices that ar ...
, computing, fiber-optic technology, software, telecommunications, robotics, information services, and biotechnology.
Although industrial enterprises receive significant profits, the profitability of products for 2003-2010 does not exceed 3-6%. Of the 55,000 industrial enterprises, more than 18,000 (33%) are unprofitable. Another negative side is the reduction in the number of employees in the complex. In 2001-2007 their number decreased by 14%.
The share of industrial exports in gross domestic product is about 40%, but its structure is unsatisfactory due to the predominance of the raw material component, which exceeds 60%. The production of high-tech and science-intensive industries in total is 15%.
In the structure of Ukrainian industry, a large share is occupied by heavy industry, especially mechanical engineering, ferrous metallurgy, and coal industry.
Heavy industry forms more than 80% of the total value of sold industrial products, including mechanical engineering which accounts for 12-14%.
See also
*Ukraine
Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...
* Ministry of Industrial Policy (Ukraine)
*Military–industrial complex
The expression military–industrial complex (MIC) describes the relationship between a country's military and the Arms industry, defense industry that supplies it, seen together as a vested interest which influences public policy. A driving fac ...
*Economy of Ukraine
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with ...
References
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