Average wage on rise in Ukraine – State Statistics Service

It increased by 4.8% against June 2019.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

Average nominal wage of a full-time employee in Ukraine in June 2020 was up 7.4% on year, to UAH 11,579 (US$418.04).

That's according to an update by the State Statistics Service.

Real wage

At the same time, against May, the average nominal wage in June 2020 rose 9.8%.

Real wages in June 2020 increased by 9.5% compared to the previous month, and by 4.8% year-on-year.

Nominal wage

The statistics agency notes that the average nominal wage of a full-time employee in June was 2.5 times above the minimum wage, set at UAH 4,723 ($170.52).

Average wage in Kyiv

The average wage in Kyiv as of late June 2020 amounted to UAH 16,393 ($591.85).

Timeline

Since January 1, 2020, the minimum annual wage in Ukraine has increased by UAH 550 ($19.86), amounting to UAH 4,723 ($170.52), or UAH 28.31 ($1.02) per hour.

Read alsoUkraine's public debt in June up 3.5% in dollar terms

According to the law on the state budget of Ukraine for 2020, this year the annual subsistence minimum from January 1, 2020, stood at UAH 2,027 ($73.18), from July 1 – at UAH 2,118 ($76.47), and from December 1 – at UAH 2,189 ($79.03).

From September 1, 2020, the Cabinet plans to raise the minimum wage to UAH 5,000 ($180.52) with a further increase to UAH 6,000 ($216.62)from January 1, 2021, and to UAH 6,500 ($234.67) from July 1, 2021.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!