The damage to housing facilities from the Russian invasion of Ukraine was estimated at 56 billion U.S. dollars between February 24, 2022, and December 31, 2023. Further 34 billion U.S. dollars were recorded in losses from damages to transportation. The total war damage of Ukraine was estimated at 152 billion U.S. dollars over that period.
War impact on the Ukrainian economy
Ukraine’s gross domestic product (GDP) fell by 29 percent in 2022 as a result of the Russian invasion and was expected to grow by four percent in between 2023 and 2024. On the one hand, the country suffers from damage to its infrastructure which would require time and financial resources to be restored. On the other hand, the war threatens Ukraine’s international trade. The military actions disrupt the routes used for transporting goods for exports and imports. In July 2022, a deal has been signed between Russia and Ukraine in Istanbul to provide for a corridor for Ukrainian grain exports via the Black Sea; however, it was suspended a year after.
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World Bank. (December 31, 2023). Estimated total war damage value in Ukraine from February 24, 2022 to December 31, 2023, by sector (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1303344/ukraine-infrastructure-war-damage/
World Bank. "Estimated total war damage value in Ukraine from February 24, 2022 to December 31, 2023, by sector (in billion U.S. dollars)." Chart. December 31, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1303344/ukraine-infrastructure-war-damage/
World Bank. (2023). Estimated total war damage value in Ukraine from February 24, 2022 to December 31, 2023, by sector (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1303344/ukraine-infrastructure-war-damage/
World Bank. "Estimated Total War Damage Value in Ukraine from February 24, 2022 to December 31, 2023, by Sector (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Dec 2023, https://www.statista.com/statistics/1303344/ukraine-infrastructure-war-damage/
World Bank, Estimated total war damage value in Ukraine from February 24, 2022 to December 31, 2023, by sector (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1303344/ukraine-infrastructure-war-damage/ (last visited September 01, 2024)
Estimated total war damage value in Ukraine from February 24, 2022 to December 31, 2023, by sector (in billion U.S. dollars) [Graph], World Bank, December 31, 2023. [Online]. Available: https://www.statista.com/statistics/1303344/ukraine-infrastructure-war-damage/