Abstract

Based on the significant relevance of the study and analysis of previous studies, previously unresolved parts of the overall problem were identified and the purpose of the study was formulated. The aim of the article was to determine the general systemic relationships of the dynamic development of the food industry of Ukraine under the condition of accelerating the formation of a stable economy. The article analyzes the place and role of the food industry in the economic system of the country. The ratio of the volume of sold products of the industry to GDP in the dynamics for 2010–2020 is given. The tabular form shows the main indicators of socio-economic development of the country and the volume of output in the food industry. Based on these data, using the Excel spreadsheet, the correlation coefficient was determined alternately between the total volume of products produced in the food industry in Ukraine and the main macroeconomic indicators. The correlation coefficient between the volume of food production and macroeconomic indicators is ranked. There are four groups on the impact on the volume of production in the food industry. The first group of factors that most affect the volume of food production includes macroeconomic factors such as the average exchange rate, the number of households, and the average number of employees by type of economic activity, deposits. In order to determine the place and role of the food industry among other types of economic activity in Ukraine, we conducted an analysis of the gross value added. The dynamics of value added in the food industry for 2013–2019 is shown in graphical form. The forecast of value added in the food industry based on a certain equation of the trend line of value added in food production showed that by 2025 value added will continue to grow to UAH 170 billion. For comparison, the graph shows the structure of gross value added by type of economic activity in Ukraine in 2019. It is concluded that in 2019 the largest share in the creation of value added was industry (36.02%). According to the results of the study, it was concluded that the food industry is essential for the growth of the country’s GDP and significant potential for growth and needs additional investment resources for its development.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call