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The real income of Ukrainians is growing – NBU

Photo: Alex Chan Tsz Yuk / SOPA Images via Reuters

The regulator pointed to indirect indicators for assessing the income of the population of Ukraine, indicating their growth.

Indirect indicators for assessing the income of the population of Ukraine indicate their growth in real terms, taking into account inflation. This is stated in the National Bank’s Macroeconomic and Monetary Review for December 2023.

“Budget payments remained the main source of household income growth,” the document notes.

The National Bank uses the following data to assess income: average pension, average salary indicator taken into account for calculating pensions (PFU data), unified social contribution (USC), private sector USC.

The NBU noted that, according to indirect data, wages in the private sector also increased.

NBU infographics

We remind you that the Ukrainian economy grew by 10.5% in October compared to the same period last year.

The US will help Ukraine with reforms, infrastructure and increased exports
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Source: korrespondent

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