Ukraine's Global Rankings and Indices

Ukraine's Global Rankings and Indices

To make it easier to decide about investing in Ukraine's economy, we offer you to familiarize with some ratings that partially represent the country's institutional and investment environment. 

Index of Economic Freedom 

The Heritage Foundation’s annual Index of Economic Freedom measure economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom:

• Rule of Law (property rights, government integrity, judicial effectiveness);
• Government Size (government spending, tax burden, fiscal health);
• Regulatory Efficiency (business freedom, labor freedom, monetary freedom); and
• Open Markets (trade freedom, investment freedom, financial freedom).

Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms.

According to the report for 2022 (in 2023-2024, the index was not calculated for Ukraine), Ukraine has an indicator of 54.1 and occupies the position of a country with a largely unfree economy. Ukraine's economy is considered "free" or "mostly free" in terms of tax burden, trade freedom, fiscal health, and monetary freedom.

Index of Economic Freedom in Ukraine  

Corruption Perceptions Index

Ukraine scored 35 points out of 100 in the 2024 Corruption Perceptions Index (CPI). Ukraine ranks 1 05th out of 180 countries. Compared to 2023, Ukraine lost 1 point. However, despite the full-scale war, Ukraine has taken important steps to address corruption issues over the past two years, and this is reflected in the CPI's findings. Most of these initiatives were driven by commitments made as part of European integration and to obtain international financial support. However, some negative events and decisions have also occurred during this period, which have reduced the effectiveness of anti-corruption measures.

The Global Innovation Index 

The Global Innovation Index (GII) takes the level of innovation against a background of an economic and geopolitical environment fraught with uncertainty. It reveals the most innovative economies in the world, ranking the innovation performance of around 133 economies while highlighting innovation strengths and weaknesses.

Envisioned to provide the most comprehensive view of innovations, the Index comprises more than 80 indicators, including measures on the political environment, education, infrastructure and knowledge creation of each economy.

In 2024, Ukraine had the best positions in the indicators “knowledge and technology outputs” - 34th place in the ranking, “business sophistication” - 45th place in the ranking, “human capital and research” – 54th place.

The Global Innovation Index (GII)

Index of digital transformation of Ukrainian regions

According to the survey in 2024, the average score of the Sectoral Digital Transformation is 0.497 of 1 possible. The highest scores are in the following sub-indices: Penetration of Basic Electronic Services (0.759), Institutional Capacity (0.687), and Internet Development (0.686). The lowest score was in the sub-index Implementation of Paperless Regime (0.421), which indicates the need to strengthen efforts in this area next year.

Open Data Maturity

The Open Data Maturity (ODM) assessment is an annual exercise conducted to measure the progress of European countries in promoting and facilitating the availability and reuse of public sector information. 

Experts evaluate over 165 indicators grouped into four categories:

• Open data policy 
• Operation of the national portal 
• Impact of open data on key areas of life 
• Quality of published data. 

The 2024 report evaluated 34 countries. France showed the best results, followed by Poland and Ukraine. The national level of open data maturity is estimated at 97%, while the European average is 83%.

Open data in Europe 2024 | data.europa.eu

E-Government Development Index

The United Nations E-Government Survey is a biennial project and publication created by the United Nations Department of Economic and Social Affairs (UN DESA) starting in 2001. The Survey evaluates the e-government development status of all 193 United Nations Member States. E-government development is monitored by the United Nations E-government index (EGDI) which measures progress at the national level. The EGDI is a composite calculated from weighted average of three normalized indices: 

• Telecommunications Infrastructure Index (TII) 
• Human Capital Index (HCI) 
• Online Service Index (OSI)