Despite the pandemic and lockdowns, wages in Ukraine may increase by at least 10% in 2021.

Average wages in Ukraine set to grow in 2021

The size of an average wage is expected to reach UAH 16,000 (USD 577) and the minimum wage will be raised to UAH 6,500 (USD 235) by the end of 2021, Finance.ua reported.

Former Deputy Minister of Economy of Ukraine Pavel Kukhta announced that despite the pandemic, wage growth dynamics in 2021 would be similar to previous years. For example, in December 2016 the average salary increased by 17%, in December 2017 — by 15%, in 2018 — by 15.4%, in 2019 — by 17.8%, and in 2020 — by 18.2 %.

If this trend continues, in December 2021 the average wage should go up to about UAH 16,000 (USD 577), which is 3,500 hryvnia higher than the current average pay check in Ukraine.

However, the size of the average salary in December is traditionally the highest monthly payout of the year. Thanks to quarterly and annual bonuses in December, December pay checks are 15-18% higher than the month before. In January, wages drop back to their normal levels or even lower, because of many holidays in the beginning of the month.

According to recent financial reports,

• Average salary will slightly grow by 1-2 % until June.
• Average salary will rise to the level of UAH 13,000 at the beginning of June.
• A drop by 4-5 % is expected during summer.
• The size of the average salary will reach UAH 13,700-14,000 in
• In December, the size of the wage is expected to reach UAH 16,000 UAH.

Moreover, the economic growth in Ukraine will be accompanied by the rise in the size of the minimum wage, which is going to happen at the end of the year. Only on the last day of the month the minimum wage will increase by 500 UAH, from 6,000  to 6,500 UAH.

The most significant growth is expected in the sectors of agriculture, logistics, insurance, in the field of Information and Telecommunications, courier delivery services, public administration and military.

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