Unicode defines two mapping methods: the Unicode Transformation Format (UTF) encodings, and the Universal Coded Character Set (UCS) encodings. An encoding maps (possibly a subset of) the range of Unicode code points to sequences of values in some fixed-size range, termed code values. The numbers in the names of the encodings indicate the number of bits per code value (for UTF encodings) or the number of bytes per code value (for UCS encodings). UTF-8 and UTF-16 are probably the most commonly used encodings. UCS-2 is an obsolete subset of UTF-16; UCS-4 and UTF-32 are functionally equivalent.
What do numbers in the names of the encodings indicate? 
the number of bits per code value (for UTF encodings) or the number of bytes per code value