In September 2024, nominal wages continued to grow in Ukraine due to a significant labor shortage.
The revival of economic activity led to an increase in demand for workers, but enterprises were able to fill only 71% of their staff. This encouraged employers to raisesalaries to attract new employees.
This is stated in the October macroeconomic and monetary review of the NBU.
So far, official statistics from the State Statistics Service are not available, and the NBU assessed the population's income by referring to the following indicators: average pension, average salary for calculating pensions, data from the Pension Fund of Ukraine, as well as the level of receipts of the single social contribution (SSC) and personal income tax (PIT).
Competition among employers for qualified workers will continue to determine salary increases. 77% of entrepreneurs plan to raise salaries in 2024, the NBU noted.
Earlier it was reported that, according to the National Bank, the average monthly salary in the first quarter of 2024 increased by 22.5% compared to the same period in 2023, as enterprises continue to experience a shortage of qualified workers.
Recall that from April 1, the minimum wage in Ukraine, in accordance with the budget for 2024, increased by 900 hryvnia and is 8 thousand hryvnia per month.
