Almost 27% of employees in Ukraine get salary of over UAH 10,000 - statistics

Almost 27% of employees in Ukraine get salary of over UAH 10,000 - statistics

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Ukrinform
The number of Ukrainians earning more than UAH 10,000 per month increased from 17% in June 2017 to 26.8% in June 2018, the Ukrainian government portal has reported, with reference to the State Statistics Service. 

"The number of employees in Ukraine, whose wage exceeded UAH 10,000, has amounted to 26.8%. Such data is provided by the State Statistics Service of Ukraine following an analysis of salaries for June this year. Last year this figure was 17%," reads the statement.

The number of employees with the minimum wage dropped to 7.4% from 9% a year earlier. At the same time, the minimum wage rose from UAH 3,200 to UAH 3,723. Similarly, the share of employees who receive salaries of up to UAH 4,000 shrank to 15.4% in June 2018 from 24.4% a year earlier.

At the same time, the percentage of employees with salaries of UAH 8,000-10,000 increased from 9.4% to 11%.

"The ratio of employees with salaries of UAH 6,000-8,000 is still relatively stable. There were 15.2% of them in June compared to 15.5% a year earlier," the report says.

The size and distribution of wages is a sign of the general trend towards positive economic dynamics in the state.

The Ukrainian economy has been growing for ten quarters in a row. Real GDP growth in the second quarter of this year reached 3.6% compared to the second quarter of 2017.

One of the growth factors was the increase in commodity exports. In the first half of the year, the growth of this figure amounted to 12.7% compared to a similar figure last year. The European Union remains key to Ukraine's external market. Exports of goods and services to the EU in the first half of the year exceeded $11.1 billion.

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