Сonstruction works performed in Ukraine in 2023 increased by 22.6% y/y

In 2023, the index of construction work performed in Ukraine increased by 22.6% compared to 2022. The volume of construction work performed during this period in monetary terms reached UAH 162.72 billion. This is according to the State Statistics Service.

Engineering structures became the driver of construction growth in 2023. The indicator in this sector increased by 32.9% y/y. At the same time, residential construction decreased by 4.6% y/y, while non-residential construction increased by 20% y/y. In monetary terms, residential construction reached UAH 22.31 billion, non-residential construction – UAH 41.58 billion, and construction of engineering structures – UAH 98.84 billion.

The share of new construction in the total volume of construction work performed last year amounted to 36.3%, repairs – 42.9%, reconstruction and technical re-equipment – 20.8%.

The growth in engineering construction is due to the restoration of transport and industrial facilities destroyed by Russian military aggression, as well as bridges, overpasses, roads, railways, pipelines, communications, power lines and other infrastructure and engineering structures. At the same time, a large share of new construction corresponds to the scale of destruction that cannot be partially repaired or reconstructed.

As GMK Center reported earlier, in 2022, Ukrainian construction companies reduced the volume of work performed by 56% compared to 2021, to UAH 113.83 billion. In December 2022, the figure fell by 58.9% y/y. Residential construction decreased by 51.9% y/y, engineering construction – by 58.5%, and non-residential construction – by 53.5%.