Finance of Ukraine

The minimum monthly wage in Ukraine is 143 USD. Ukraine has a public debt equal to 38.8% of the country's gross domestic product (GDP), estimated in 2012. In terms of consumer prices, Ukraine's inflation rate is 0.7%. The currency of Ukraine is the Ukrainian hryvnia. The plural form of the word Ukrainian hryvnia is hryvnas. The symbol used for this currency is ₴ and is abbreviated as UAH. The Ukrainian hryvnia is divided into kopiyka; there are 100 in a hryvnia. Every year, consumers spend around $76,842 million. The ratio of consumer spending to GDP in Ukraine is 0.04%, and the ratio of consumer spending to the world consumer market is 22.15%. Corporate income tax in Ukraine is 18%. Personal income tax ranges from 15% to 20% depending on your specific situation and income level. VAT in Ukraine is 20%. In 2013, Ukraine received $769.2 million in foreign aid. In 2014, foreign aid totaled $807.2 million.

Gross domestic product
Total Gross Domestic Product (GDP) in Ukraine calculated in Purchasing Power Parity (PPP) is $371,812 billion. Gross Domestic Product (GDP) per capita calculated as Purchasing Power Parity (PPP) in Ukraine was last seen at $8,448,504. PPP in Ukraine is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Ukraine is 188,350 billion. Based on these statistics, Ukraine is considered to be of medium economic strength. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in Ukraine was last seen at $4,279,786. The average citizen in Ukraine has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The average annual growth rate of GDP in Ukraine in 2014 was -6.5%. According to this percentage, Ukraine is currently experiencing a significant decline. Countries experiencing significant declines could see dramatic declines in personal consumption, employment rates, and personal income. A significant drop in GDP should warn investors that this location is high risk and should not be considered a safe place to invest.