"Salaries are projected to continue rising rapidly due to a shortage of workers. According to the State Statistics Service of Ukraine, in the third quarter of 2024, nominal salaries increased by 22.3% year-on-year compared to the same period last year, while real salaries rose by 14.2%," the report states.
Specifically, salaries for IT professionals grew by more than 45%, in the trade sector by over 30%, and for real estate and finance specialists by more than 20%.
According to calculations by the National Bank of Ukraine (NBU), in most sectors of economic activity (except for education and arts), real salaries are higher than they were in the third quarter of 2021 (before the full-scale invasion of Russia into Ukraine).
Income was assessed based on indicators such as average pension, average salary for pension calculation from the Pension Fund of Ukraine, total unified social contribution (USC), USC for the private sector, and personal income tax (PIT).
The NBU emphasizes that, according to indirect indicators, salary growth continued in the fourth quarter of 2024.