The State Statistics Service reports wage growth, but the numbers don’t add up
9 December 2024 12:15
The average salary of full-time employees in Ukraine has increased and exceeded the pre-war period. This was reported by the State Statistics Service, reports "Komersant Ukrainian".
According to the agency, in the third quarter of 2024, the average salary increased by 22.3% compared to the same period last year, reaching UAH 21,946. Compared to 2021, when this figure was UAH 14,014, the average salary increased by 56.6%.
This discrepancy in salary levels is explained by the depreciation of the hryvnia and its depreciation. However, in dollar terms, wages have also increased. In 2024, it amounted to $532, which is higher than in 2021, when the average income was $514.
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At the same time, another government agency, the Pension Fund, reports a completely different level of average wages for the third quarter of 2024. According to the Pension Fund, the average salary of Ukrainians in September, the last month of the third quarter, was UAH 18,020.86. In previous months, it was even less.
According to this data, the average salary of Ukrainians is about $433. That is, it does not exceed pre-war incomes at all.
