Ukrainians' total nominal incomes estimated at US$24 bln in Q1

REUTERS Total nominal incomes of Ukrainians in the first quarter of 2018 (Q1) were estimated at UAH 657.9 billion (US$24 billion), which was 23.6% up year-over-year (y-o-y). The incomes, which can be used by the population for the purchase of goods and services, grew by 25%, while the real incomes calculated on the basis of the price factor rose by 10%, the Social Policy Ministry&#39;s press service said, referring to the State Statistics Service. Read alsoUkraine&#39;s Cabinet announces new increase in pensions Over the period under review, an income per capita amounted to UAH 11,370.2 ($414), which was 32.1% up y-o-y, it said. The ratio between the highest and lowest wages in terms of economic activity was 6.6 in June 2018: an aviation transport worker was paid UAH 34,334 $1,250, or 375.6% to the average economy level, while the salary of an employee engaged in postal or courier services was UAH 5,180 $189 (56.7%). Geographically, the lowest wage in May 2018 was reported in Chernihiv region at UAH 7,341 $267 (80.3% to the average economy level), while the highest one was posted in Donetsk region at UAH 9,774 $356 (106.9%). Noteworthy, it was UAH 13,553 $494 (148.3%) in the city of Kyiv. The real wage index in June 2018 from May 2018 was 104.8%, against 113% in June 2017, the ministry said. The average pension with personalized social benefits as of July 1, 2018, amounted to UAH 2,662.4 ($97), which was 3.3% up from January 1, 2018, and 35.8% up y-o-y, according to the Pension Fund. As UNIAN reported earlier, Ukraine&#39;s economy growth in Q2 2018 accelerated to 3.6% y-o-y against 3.1% in Q1 2018 y-o-y.

Ukrainians' total nominal incomes estimated at US$24 bln in Q1

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