This is reported by RBK-Ukraine referencing the Macroeconomic and Monetary Review from the NBU (January 2025). This information comes from Kontrakty.UA.
The report indicates that salaries continue to rise rapidly due to a shortage of workers. According to the State Statistics Service, in the third quarter of 2024, nominal salaries increased by 22.3% year-on-year, while real salaries grew by 14.2% year-on-year (based on calculations by the NBU according to the data from the State Statistics Service).
According to the NBU's calculations, in most sectors of economic activity (except for education and arts), real salaries are higher than they were in the third quarter of 2021 (prior to the full-scale invasion).
In the absence of official data from the State Statistics Service, the NBU assessed income based on indicators such as the average pension, the average salary for pension calculations from the Pension Fund of Ukraine, the general single social contribution (SSC), the SSC for the private sector, and the personal income tax (PIT).
According to indirect indicators, salary growth continued in the fourth quarter of 2024, the NBU reported.
Salaries in Ukraine
It is noteworthy that the average salary of employees in Ukraine increased by 22.2% to 20,592 UAH from January to September 2024. The highest salary is in the "Information and Telecommunications" sector, where it rose by 37.7% to 50,752 UAH.
It is important to mention that inflation in Ukraine has significantly accelerated and has already exceeded 10%. This leads to a slowdown in the growth rates of real incomes for Ukrainians. In particular, the real incomes of pensioners have practically ceased to grow in 2024.