Since June 2009, the national minimum wage in Ukraine remained fixed at €59.7 per month, that is 716 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Hryvnias, which is the official currency in Ukraine, we can see that, this year, it was 630 Hryvnias and accordingly, the national minimum wage has been raised 25 Hryvnias per month from the previous year, 4.13%. This increase is less than the CPI of 2009 which was 22.3%,and so workers, despite the raise, have lost buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Ukraine is in 73 nd place, so it is among the countries with the lowest minimum salary of the 92 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Ukraine. You can see NMW in other countries in National Minimum Wage 2009 and see all the information about this country in Ukraine economy.