The level of profitability of the activities of agricultural, forestry, and fisheries enterprises at the end of 2020 amounted to 13.5% and became the highest among all types of economic activity in Ukraine.
This was announced by the director of the National Scientific Center "Institute of Agrarian Economics" Academician of the NAAS Yuri Lupenko, the institute said.
In general, the profitability of all enterprises in Ukraine in 2020 amounted to 1.1%. The highest level after agriculture is in financial and insurance activities - 12.6%, in healthcare and social assistance - 12.2%, as well as in information and telecommunications - 6.4%.
Half of the economic activities were unprofitable, including industry (-1.1%) and construction (1.0%). The lowest level was in the sphere of real estate operations (-16.3%), temporary accommodation and catering (-12.5%), arts, sports, entertainment, and recreation (-11.9%), noted Yuriy Lupenko.
At the same time, he stressed, the result of the operating activities of enterprises in most types of economic activity, except for the aforementioned areas of operations with real estate (-5.4%), temporary accommodation and catering (-8.9%), arts, sports, entertainment and recreation (-9.6%), was positive - the level of profitability was 6.5%. This indicator was also the highest in agriculture, forestry, and fisheries - 18.4%.
In 2019, the scientist recalled, all types of economic activities were profitable. At the same time, agriculture (according to OKVED) ranked third in terms of profitability - 15.6% versus 7.7% in the economy as a whole.
“Thus, in the conditions of the general economic recession in 2020, agricultural enterprises provided the best indicators of the efficiency of economic activity,” summed up Yuriy Lupenko.