The volume of capital investment in Ukraine increased by 25.2% in 2025, reaching UAH 669.3 billion. The main flow of investment was financed by businesses’ own funds, while the share of foreign capital remained minimal. The largest volumes were directed to industry, agriculture, transport and the public sector.
According to the State Statistics Service of Ukraine, UAH 669.3 billion in capital investment was injected into the country’s economy in 2025, which is 25.2% more than in 2024. By comparison, the annual increase a year earlier was higher at 35.1%, while the total volume of capital investment stood at UAH 534.4 billion. This indicates that investment activity continued to show positive momentum, although the pace of growth slowed somewhat.
The main source of capital investment financing in 2025 remained the own funds of enterprises and organizations, which accounted for 71.2% of total investment. State budget funds represented 7.0%, local budgets 6.4%, household funds for residential construction 5.7%, and bank loans and other borrowings 5.1%. The share of foreign investors’ funds remained almost symbolic at just 0.1% of the total volume.
The sectoral structure of investment shows that industry was the main magnet for capital in 2025, absorbing 42.4% of all investment, or UAH 259.1 billion. Agriculture, forestry and fisheries ranked second with a 17.2% share, followed by public administration and defense at 14.4%, transport, warehousing, postal and courier activities at 10.8%, construction at 4.4%, healthcare and social assistance at 3.0%, and wholesale and retail trade at 2.2%. Another 5.6% went to other types of economic activity.
Within the industrial sector, the largest share of investment was directed to manufacturing, which accounted for 73.8% of industrial capital investment. Another 11.1% was allocated to electricity, gas, steam and air conditioning supply, 8.6% to water supply, sewerage and waste management, and 6.5% to mining and quarrying. This points to a concentration of investment activity primarily in production and critical infrastructure.
By asset type, the overwhelming majority of capital investment was directed to tangible assets, which accounted for 98.9% of the total, while intangible assets represented only 1.1%. Within the structure of tangible investment, the largest share went to machinery, equipment and inventory at 40.9%, followed by non-residential buildings at 17.3%, engineering structures at 14.5%, residential buildings at 10.7%, and vehicles at 9.8%.
Regionally, the largest volumes of capital investment in 2025 were concentrated in Kyiv, as well as in Dnipropetrovsk, Kyiv, Lviv and Kharkiv regions. This indicates that investment activity continues to be concentrated in the country’s administrative, industrial and logistics centers.
Despite the increase in overall investment volumes, the financing structure shows that Ukraine’s economy remains critically dependent on domestic business resources and budget funding. At the same time, the role of external private capital remains extremely limited, underscoring both the high level of wartime risk and the untapped potential for future inflows of strategic investors.
