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 October 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
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 6.30 6.40 14.10 4.30 percent [+]
Employed Persons 70.50 70.20 74.10 60.40 Million [+]
Unemployed Persons 4.78 4.81 10.40 3.30 Million [+]
Employment Rate 58.30 58.10 66.60 58.00 percent [+]
Labor Force Participation Rate 61.70 61.70 70.30 61.70 percent [+]
Productivity 2.80 2.10 7.50 -4.10 percent [+]
Wages 47649.00 50145.00 62239.00 0.00 RUB/Month [+]
Wages in Manufacturing 45925.00 44320.00 50745.00 7397.00 RUB/Month [+]
Wage Growth 0.10 2.30 27.20 -41.40 percent [+]
Minimum Wages 12130.00 11280.00 12130.00 132.00 RUB/Month [+]
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.