The total economic losses Ukraine has sustained since the start of Russia's full-scale invasion — including current and projected losses in revenue and value added — are estimated at $1.7 trillion and $0.6 trillion, respectively, the KSE Institute reported.
The value-added losses alone exceed Ukraine's prewar GDP in 2021 by more than three times, the analytical center of the Kyiv School of Economics noted.
The previous estimate, published in July 2024, stood at $1.164 trillion in revenue losses and $385.7 billion in value-added losses. The increase reflects an updated methodology, the use of new company- and sector-level data, and an expanded analysis period that now covers losses through the end of 2026, according to KSE.
Productive sectors took the heaviest hit. Trade accounted for $696.3 billion in losses, the KSE Institute reported. Industry, combined with construction and services, lost $645.6 billion. Agriculture recorded $81.9 billion in damages.
Key infrastructure sectors suffered significantly as well: energy losses reached $75.3 billion, and the transport sector lost $60.2 billion, the report noted.
The war has also generated substantial additional costs beyond direct economic losses. The housing sector accounts for the largest share at $26.8 billion, with household spending on rental housing identified as the primary driver, according to KSE. Demining costs are estimated at $24.6 billion. Government spending on social support has risen to $7.5 billion. An additional $13 billion has gone toward demolishing destroyed structures and removing debris, the report stated.
Losses extend across other areas of the economy. The digital infrastructure and IT sector lost an estimated $23.7 billion, education — $17.7 billion, healthcare — $15.5 billion, housing and communal services — $10.5 billion, and culture, sports and tourism — $10.2 billion, according to the KSE assessment. The financial sector registered $3.3 billion in losses.
The assessment was prepared by the KSE Institute's analytical team in cooperation with Ukraine's Ministry for Communities and Territories Development, other relevant government agencies, and the National Bank of Ukraine, following the World Bank's methodology, the report said.
