The volume of completed construction work in Ukraine in 2024 will increase by 23.5% – statistics

The volume of construction work completed in Ukraine in 2024 increased by 23.5% compared to 2023, amounting to UAH 204.7 billion, according to the State Statistics Service.

According to the statistical service, last year's figure also exceeded the 2020 result, when the volume of construction work amounted to UAH 202 billion, but remains below the pre-war level of 2021, which amounted to UAH 258 billion.

As the State Statistics Service emphasizes, the volume of work in housing construction in 2024 increased by 16.3% compared to the previous year, reaching UAH 26.6 billion, in non-residential construction – by 35.5%, to UAH 57.7 billion, in mechanical engineering – by 20%, to UAH 120.4 billion.

Taking into account seasonally adjusted data, the indices of construction output in December 2024 in residential construction amounted to 49.7%, in non-residential construction – 108.9%, in mechanical engineering – 94.3%, and taking into account the effect of calendar days, the figures are 70.9%, 231.6% and 206.7%, respectively.

The share of new construction in the total volume of work performed was 41.1%, repairs – 32.6%, reconstruction and technical re-equipment – 26.3%.

The State Statistics Service reports that the publication of data has been delayed due to martial law. The statistics are presented without taking into account temporarily occupied territories and areas where military operations are (were) being conducted.