Economic Security Index 2024

On the basis of the analysis of 59 indicators grouped into eight categories, we calculate the Economic Security Index of Ukraine. Each group of factors is evaluated by a scale from "0" to "100" points, where a score of "100" represents the highest possible level of economic security. The value of the Economic Security Index (ESI) is obtained as the arithmetic average of the eight factors.

We use four sources of information:

It is critically important to take into account the condition of public governance institutions, macroeconomic and regulatory policies, particularly in the areas of access to finance, resources, and infrastructure. Adaptation to constant, multidirectional, and varying-speed changes requires a profound overhaul of state institutions.

In Ukraine's old economic model, the State itself is the greatest source of threats and risks to achieving rapid, long-term economic growth, technological modernization, and the development of human and entrepreneurial capital. The State has concentrated a substantial amount of political and economic power in its hands.

The Ukrainian government has created a system that, in terms of legal, tax, regulatory, and transactional parameters, is completely uncompetitive in Europe and the world. Ukraine is one of the poorest countries in Europe, with a severe investment deficit, low labor productivity, and weak integration into international trade. All of this is exacerbated by high security risks, threatening the lives, health, and property of Ukrainians.

A distinctive feature of the Economic Security Concept of Ukraine, proposed by the International Liberty Institute (ILI), is its human-centric approach.

Based on the best global practices, as well as the mistakes of various countries and blocs, including EU countries, recommendations have been formulated for the Government of Ukraine, regarding the creation of a quality national economic security system and strengthening the overall national security system.

The primary efforts should be focused on a deep rethinking of the functionality, size, and format of the state's presence in the economy. In the activities of Ukraine's government bodies and the content of legislative acts, it is advisable to take into account the conclusions and recommendations of scientific and research organizations that have built a strong foundation for studying economic liberty, property rights, competitiveness, and the development of private entrepreneurship. The focus of building Ukraine's new economic security system should shift towards a human-centric approach, built on the foundations of personal and economic liberty, the rule of law, and integration into the European and global division of labor system.