Key information about Ukraine Household Income per Capita

• Ukraine Annual Household Income per Capita reached 2,470.046 USD in Dec 2021, compared with the previous value of 2,145.028 USD in Dec 2020.
• Ukraine Annual Household Income per Capita data is updated yearly, available from Dec 1999 to Dec 2021, with an averaged value of 1,693.557 USD.
• The data reached an all-time high of 2,601.404 USD in Dec 2013 and a record low of 337.981 USD in Dec 2000.
• In the latest reports, Retail Sales of Ukraine grew 67.113 % YoY in Mar 2023.

CEIC calculates Annual Household Income per Capita from annual Monthly Average Household Income multiplied by 12 and annual Average Household Size and converts it into USD. The State Statistics Service of Ukraine provides Average Household Income in local currency and Average Household Size. The National Bank of Ukraine average market exchange rate is used for currency conversions.

Key information about Ukraine Monthly Earnings

• Ukraine Monthly Earnings stood at 521 USD in Jan 2022, compared with the previous figure of 641 USD in Dec 2021
• Ukraine Monthly Earnings data is updated monthly, available from Jan 2002 to Jan 2022, with an average number of 278 USD
• The data reached the an all-time high of 641 USD in Dec 2021 and a record low of 60 USD in Jan 2002

CEIC converts Monthly Earnings into USD. The State Statistics Service of Ukraine provides Average Monthly Earnings in local currency. The National Bank of Ukraine average market exchange rate is used for currency conversions.


Further information about Ukraine Monthly Earnings

• In the latest reports, Ukraine Population reached 41 million people in Dec 2021
• Unemployment Rate of Ukraine increased to 11 % in Dec 2021
• The country's Labour Force Participation Rate dropped to 62 % in Dec 2021

For the average net salary, residents of Russia could buy 1,191 liters of gasoline in June 2023. This is the highest value among the countries of Central and Eastern Europe. The least liters of gasoline for the average salary could be bought by residents of Ukraine - 241 liters.

The rate of inflation exceeded the growth of wages for the first time in recent years in April 2021. In February 2024, inflation amounted to 3.2 percent, while wages grew by five percent. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40 year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

In 2021, the most significant number of bread loaves per monthly net salary in the CEE region was bought by residents of Estonia (1458). The least number of bread loaves was bought by inhabitants of Ukraine (765). In some countries of the region, the purchasing power has decreased compared to 2012. One of the reasons was the rapidly rising inflation between 2020 and 2021.