Assessment of the Impact of the War on Micro-, Small-, and Medium-sized Enterprises in Ukraine

Assessment of the Impact of the War on Micro-, Small-, and Medium-sized Enterprises in Ukraine

February 15, 2024

This assessment has been developed by the Centre for Economic Recovery (CER) and Advanter Group under the United Nations Development Programme (UNDP) project “Support to Ukraine” in cooperation with Ministry of Economy of Ukraine.  

Micro, small, and medium-sized enterprises (MSMEs) are the backbone of Ukraine’s economy, comprising 99.98% of all business entities, providing 74% of all jobs, and creating 64% of value added. This assessment provides a snapshot on the status of MSMEs as of the end of 2023 and includes a comprehensive analysis of the impact of war and challenges faced by MSMEs in Ukraine in the ensuing period and highlighting their resilience and adaptability in the face of adversity.

The assessment identifies MSME needs and provides a set of recommendations to increase MSMEs resilience and underpin recovery and sustainable growth of Ukrainian economy. A gender lens has been applied throughout the assessment. This assessment is based on a wide range of primary and secondary data collected in multiple surveys undertaken in various time intervals from March 2022 to December 2023, and substantive desk research conducted in December 2023. The analysis enabled to identify the impact of key economical, political, and social trends and governmental actions on MSME’s operations.