The real disposable income of Ukrainians grew by 7.1% y/y to UAH 239.7bn (USD 29.96bn) in Q1, the State Statistics Service announced. Real income per person amounted to UAH 5,264, an increase of 7.3% y/y. Savings of the population amounted to UAH 15.39bn in Q1, up by 15.3% y/y.
In 2012, the available income, which may be used by population for the purchase of goods and services, grew by 10.3 %, whereas real available income, determined after taking a price factor into consideration, grew by 9.7%. Incomes of population grew by 11.1% in 2012 to UAH 1.407tn. At the same time, an income in per head calculation made up UAH 23,931, which is 10.6 % up against 2011.
The overall increase in earnings was due to an increase in remuneration of labour by 12.1%, in social assistance by 14.2%, as well as profit and mixed income by 6.1%.
In 2012 the population's savings declined by 15.1% y/y to UAH 104,560mn.
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