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

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 June of 2021.

Living Wage Individual in Russia is expected to reach 14776.00 RUB/Month by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Living Wage Individual is projected to trend around 15071.00 RUB/Month in 2022 and 15418.00 RUB/Month in 2023, 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 5.20 5.40 14.10 4.30 percent [+]
Employed Persons 71.20 71.00 74.10 60.40 Million [+]
Unemployed Persons 3.90 4.10 10.40 3.30 Million [+]
Employment Rate 59.00 58.70 66.60 58.00 percent [+]
Labor Force Participation Rate 62.20 62.10 70.30 61.70 percent [+]
Productivity 2.60 3.10 7.50 -4.10 percent [+]
Wages 55208.00 51229.00 69278.00 0.00 RUB/Month [+]
Wages in Manufacturing 51466.00 46375.00 56019.00 7397.00 RUB/Month [+]
Minimum Wages 12792.00 12130.00 12792.00 132.00 RUB/Month [+]
Wage Growth 1.80 2.00 27.20 -41.40 percent [+]
Population 146.20 146.70 148.60 119.90 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.