Following the results of 2002, the region lost two places in the rating and took 22nd place (2001 - 20th place). It should be noted that the region ranks last in Ukraine in terms of the level of development of the financial sector, despite the fact that the main office of the Ukrainian branch of the Polish bank "Pekao" is located in the region. In addition, the region occupies low positions in the group of indicators "entrepreneurship and local government". In the dynamic rating, the region took 25th position (2001 - 15th position), This indicates low development dynamics. Given the border status of the region, it can be argued that the region is not fully using its potential. \n \nEconomic development. The largest share in the GDP structure of the region is occupied by agriculture (31.9%), industry (17%), transport (11%), trade and public catering (15.6%). Since the beginning of 2003, industrial production grew by 10.5%. The annual volume of production amounted to 1.5 billion hryvnias. The share of barter in the products shipped by enterprises of the region was 1.3%. \n \nOver the past six years, the industry of the region has been constantly increasing production volumes. \n \nGrowth rates in 2002 - 11.9% (in 2001 - 21.3%). In general, in the region, production growth was ensured by 70 industrial enterprises, among which the leading positions were occupied by joint-stock companies "Lutsky Pidshypnykovyi Zavod", "Lutskkhim", "Lutskkondyter", "Lutsk-Fudz", Particularly high quality is noted for goods of local production belonging to the food group, whose trademarks are widely known both in Ukraine and beyond its borders ("Torchyn-produkt", "Komo", etc.). \n \nAttracting investments. The advantages of the geographical location of the region contribute to the active development of international cooperation. One of the main areas of activity in the field of external relations is the expansion of cross-border cooperation with the territories of Poland and Belarus within the framework of the "Euroregion "Bug" created in September 1995. \n \nThe volume of attracted investments does not correspond to the region's capabilities, since as of 01.01.2003, 53.5 million dollars of direct investments had been attracted to the region. The indicator of FDI per person is 51 dollars. \n \nSpecial regimes of investment activity. Since January 2000, a special regime of investment activity has been operating in the city of Novovolynsk and the settlement of Zhovtneve (in the regime of a territory of priority development), where 15 projects with an estimated cost of 23 million dollars are being implemented. As a result, products worth 204.5 million hryvnias were sold. Net products produced by TPD entities account for more than 50% of the total volumes of the city of Novovolynsk. \n \nUnfortunately, in the territory of the other "special" - FEZ "Interport Kovel" not a single investment project has been implemented so far, which could become the reason for the complete closure of the zone. Small entrepreneurship. In the entrepreneurial sector of the region, 3.9 thousand small enterprises operate, In small business, a tenth of the able-bodied population of the region is employed, by whom more than 9.5% of products (works, services) are produced and about a fifth of revenues to budgets of all levels is ensured. 590 farms operate. Small business of Volyn provides work for 65 thousand people.