Real incomes of Ukrainians continue to grow this year, but much more slowly than in 2024. According to the forecast of the National Bank of Ukraine, real wages in 2025 increased by approximately 5% compared to 15% in the previous year. This was reported by the NBU.
WHY THE GROWTH RATE HAS SLOWED
Despite the slowdown, the shortage of personnel remains an acute problem in the labor market. The demand for workers often exceeds their supply, which creates fierce competition for workers. This situation still stimulates wage growth, but not as intensively as last year.
Experts explain the slowdown by several factors. First, the base of comparison with 2024 was already quite high. Second, the economic situation in the country remains difficult due to the military conflict. Third, inflationary processes continue to affect purchasing power.
Still, the 5% growth rate shows that the labor market remains tight and employers are forced to raise salaries to attract and retain staff. This is a positive signal for workers, who can expect some improvement in their material conditions even in times of economic uncertainty.
