Minimum Wages in Russia increased to 12130 RUB/Month in 2020 from 11280 RUB/Month in 2019.

Minimum Wages in Russia averaged 4544.75 RUB/Month from 2000 until 2020, reaching an all time high of 12130 RUB/Month in 2020 and a record low of 132 RUB/Month in 2000. This page provides - Russia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Minimum Wages - values, historical data and charts - was last updated on July of 2020. source: Federal State Statistics Service

Minimum Wages in Russia is expected to reach 12130.00 RUB/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Minimum Wages is projected to trend around 12900.00 RUB/Month in 2021 and 14100.00 RUB/Month in 2022, according to our econometric models.

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Russia Minimum Wages

Actual Previous Highest Lowest Dates Unit Frequency
12130.00 11280.00 12130.00 132.00 2000 - 2020 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 Minimum Wages
In Russia, minimum wage refers to the lowest monthly wage at federal level and cannot be below the minimum subsistence level. However, this provision has not yet been implemented in some regions. Since 2007, minimum wages include compensation, incentives payment and social benefits.