![]() The average monthly wage for full-time employees in 2021 was 1,055 USD, an increase of 20.9 percent over 2020. The proportion of wages in household income in the third quarter of 2021 amounted to 45.8 percent, compared to 45.4 percent in the corresponding period of 2020. Wages also showed an increase on a year-over-year basis. ![]() Cash income, which is used to purchase goods and services, increased by 18 percent on a year-over-year basis, and real income, determined by taking into account the purchasing power factor, increased by 6.8 percent. A comparison with the relatively well-off period before the war helps reveal the magnitude of those losses.Īccording to the State Statistics Committee of Ukraine, in the third quarter of 2021, before the war started, the nominal income of the population amounted to 4,364 billion USD, or 118.7 percent of the amount for the same period in 2020. As a result, Ukrainian households have faced daunting economic losses. The layering of Russian aggression on top of weak foundations caused not only a huge increase in internally displaced people and refugees but also huge budget losses, which by end of 2022 total more than 135.9 billion USD, according to a report by the Kyiv School of Economics' analytical team. Even before the war started Ukraine was facing some economic instability. The extensive shelling of critical infrastructure and residential buildings has contributed to a deep humanitarian crisis in Ukraine. Careers, Fellowships, and Internships Open/Close. ![]()
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