Living Wage Individual in Russia decreased to 14500 RUB/Month in 2018 from 14800 RUB/Month in 2017.

Living Wage Individual in Russia averaged 14300 RUB/Month from 2015 until 2018, reaching an all time high of 14800 RUB/Month in 2017 and a record low of 13900 RUB/Month in 2015. Russia Living Wage Individual - values, historical data and charts - was last updated on July of 2020.

Living Wage Individual in Russia is expected to reach 14935.00 RUB/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Living Wage Individual is projected to trend around 15308.00 RUB/Month in 2021 and 15691.00 RUB/Month in 2022, according to our econometric models.

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Russia Living Wage Individual

Actual Previous Highest Lowest Dates Unit Frequency
14500.00 14800.00 14800.00 13900.00 2015 - 2018 RUB/Month yearly

Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.10 5.80 14.10 4.30 percent [+]
Employed Persons 70.20 71.40 74.10 60.40 Million [+]
Unemployed Persons 4.50 4.30 10.40 3.30 Million [+]
Employment Rate 58.10 59.10 66.60 58.10 percent [+]
Labor Force Participation Rate 62.00 61.70 70.30 61.70 percent [+]
Productivity 2.80 2.10 7.50 -4.10 percent [+]
Job Offers 1651014.00 1721885.00 2197833.00 1000000.00 Persons [+]
Wages 49306.00 50926.00 62239.00 0.00 RUB/Month [+]
Wages in Manufacturing 43243.00 44173.00 47231.00 7397.00 RUB/Month [+]
Minimum Wages 12130.00 11280.00 12130.00 132.00 RUB/Month [+]
Wage Growth -2.00 5.90 27.20 -41.40 percent [+]
Population 146.80 146.90 148.69 119.90 Million [+]
Retirement Age Women 55.50 55.00 55.50 55.00 [+]
Retirement Age Men 60.50 60.00 60.50 60.00 [+]


Russia Living Wage Individual
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey.