Ukraine - Wage & Salaries





Ukraine: Wage & Salaries

Mnemonic YPEWS.IUKR
Unit Mil. UAH, NSA
Adjustments Not Seasonally Adjusted
Quarterly 9.16 %
Data 2021 Q2 517,834
2021 Q1 474,400

Series Information

Source State Statistics Service of Ukraine
Release National Accounts
Frequency Quarterly
Start Date 3/31/2002
End Date 6/30/2021

Ukraine: Labor

Reference Last Previous Units Frequency
Unemployment Rate 2021 Q2 9.3 10.4 %, NSA Quarterly
Wage & Salaries 2021 Q2 517,834 474,400 Mil. UAH, NSA Quarterly
Labor Force 2021 Q1 17,294 17,669 Ths. # MA YTD, NSA Quarterly
Labor Force Employment 2021 Q1 15,488 15,995 Ths. # MA YTD, NSA Quarterly
Total Employment 2021 Q1 15,488 15,995 Ths. # MA YTD, NSA Quarterly
Unemployment 2021 Q1 1,806 1,674 Ths. # MA YTD, NSA Quarterly
Agriculture Employment 2017 3,060,397 3,117,421 # Annual
Primary Industries Employment 2012 3,506 3,410 Ths., NSA Annual

Release Information

For Ukraine, the quarterly national accounts, including the detailed expenditure and production approaches (viz., use of GDP and GVA).

Active:

  • National accounts framework: UN SNA 2008
  • Industry classification: CTEA-2010, the localization of NACE Rev. 2
  • Measurements:
    • Millions of Ukrainian hryvnias at constant year-2016 prices (Mil. 2016 UAH)
    • At current prices (Mil. UAH)
    • Year-over-year percent change based on 2016 prices (% Y/Y 2016)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: 2001Q1

Predecessors, where different:

  • SNA 2008 at 2010 prices - 2010 to 2020
  • SNA 1993 - 2002 to 2014

The source writes:

The major methodological changes which have the most impact on the level of GDP refer to investment.

According to SNA08, expenditure on research and development and weapons systems (warships, submarines, military aircraft, tanks, etc.) are now included in gross fixed capital formation, i.e. investment. This is recognition that expenditure on these items provide long-lasting services to businesses, non-profit institutions, and the governments who use them. This increases the level of GDP across time, but the impact on GDP growth rates will generally be minor (as can be seen in countries who have already implemented SNA08). 

Moreover, in situations like this when a major methodological change is proposed and agreed to at the international level, countries tend to take advantage of the unique situation and make changes to improve all their compilation methods - therefore increasing the general level of revision. It is important to underline that the impact of compilation improvements could be higher than the impact of the SNA08 implementation. For example, the Netherlands increased their level of GDP by 7.6% for 2010, but only 3 percentage points are related to SNA08 implementation.

Ukraine has implemented the SNA08 in 2014 providing revised data according to the new methodology on specific datasets.

Moody's Analytics supplements

We extend select series. We compute NSA identities. We compute SA versions.

Four successive national accounts methodological revisions have taken place: 1952, 1968, 1993 and 2008.

The GDP data are revised and updated in accordance with the availability of input information.

The dataset compiled under the new methodology, is presented considering territorial changes which occured at the begining of 2014. It excludes territories of Crimea, Sevastopol and anti-terrorist operation zones.

Further reading

At IMF (SDDS):