{"id":1131103,"date":"2025-04-15T17:01:00","date_gmt":"2025-04-15T14:01:00","guid":{"rendered":"https:\/\/uatv.ua\/?p=1131103"},"modified":"2025-04-13T23:41:29","modified_gmt":"2025-04-13T20:41:29","slug":"the-ukraine-s-defense-industry-provided-a-third-of-own-gdp-growth-in-2024","status":"publish","type":"post","link":"https:\/\/uatv.ua\/en\/the-ukraine-s-defense-industry-provided-a-third-of-own-gdp-growth-in-2024\/","title":{"rendered":"The Ukraine&#8217;s Defense Industry Provided a Third of Own GDP Growth in 2024"},"content":{"rendered":"\n<p>Last year, one-third of the total growth of Ukraine&#8217;s gross domestic product was provided by the country&#8217;s defense industry.<\/p>\n\n\n\n<p>This was announced by the Minister for Strategic Industries, Herman Smetanin, during the &#8220;Ukrainian Weapons 2024&#8221; briefing, according to a <a href=\"https:\/\/news.liga.net\/ua\/politics\/news\/oboronka-dala-tretynu-rostu-ukrainskoho-vvp-u-2024-rotsi-smetanin\"><em>LIGA.net<\/em><\/a>.<\/p>\n\n\n\n<p>In 2024, weapons and military equipment were produced to the value of $9 billion\u2014three times more than in 2023. According to Smetanin, Ukraine\u2019s GDP grew by 3.9% last year, with the defense sector contributing one third of that growth\u20141.27%.<\/p>\n\n\n\n<p>He also added that the defense sector had increased its capacity sevenfold.<\/p>\n\n\n\n<p>\u201cIf from 2022 to 2023 the capacity of Ukraine\u2019s defense industry tripled, then in 2024 it grew from $3 billion to $20 billion. This refers to the ability of Ukraine\u2019s defense industry to produce weapons and military equipment domestically in that amount,\u201d the minister said.<\/p>\n\n\n\n<p>Smetanin announced that by the end of the year, Ukraine will be capable of producing $35 billion worth of weapons and military equipment domestically.<\/p>\n\n\n\n<p><strong>Read also:<\/strong> <a href=\"https:\/\/uatv.ua\/en\/ukrainian-world-congress-hands-over-750-fpv-drones-to-ukraine-s-defenders\/\">Ukrainian World Congress hands over 750 FPV drones to Ukraine\u2019s defenders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year, one-third of the total growth of Ukraine&#8217;s gross domestic product &#8230;<\/p>\n","protected":false},"author":31,"featured_media":1131104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,49,36415],"tags":[78],"sources":[],"class_list":["post-1131103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-news-en","category-11473-news-en","tag-homepage-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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