Employers in Ukraine who fail to pay the Minimum Wage may be subject to punishment by Ukraine's government. Ukraine has a government-mandated minimum wage, and no worker in Ukraine can be paid less then this mandatory minimum rate of pay. Wages cover the total economy and are expressed per full-time equivalent employee. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee.
Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. The gross average monthly wage estimates for 2020 are computed by converting national currency figures from the UNECE (United Nations Economic Commission for Europe) Statistical Database, compiled from national and international (OECD, Eurostat, CIS) official sources. * Indicates " Economy of " links.ĭevelopment of average annual wages 2000–2022 (US$ PPP) Country Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees. The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average wages can differ from median wages for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612. This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents. In this article, the average wage is adjusted for living expenses " purchasing power parity" (PPP). The average wage is a measure of total income after taxes divided by total number of employees employed. See also: List of countries by GDP (PPP) per capita
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