Minimum Wages in Russia increased to 11,163 RUB/Month on May 1st 2018. Minimum Wages in Russia averaged 3893.82 RUB/Month from 2000 until 2018, reaching an all time high of 11163 RUB/Month in 2018 and a record low of 132 RUB/Month in 2000. source: Federal State Statistics Service

Minimum Wages in Russia is expected to be 12000.00 RUB/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Minimum Wages is projected to trend around 14500.00 RUB/Month in 2020, according to our econometric models.

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Russia Minimum Wages

Actual Previous Highest Lowest Dates Unit Frequency
11163.00 9489.00 11163.00 132.00 2000 - 2018 RUB/Month Yearly

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.

Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.60 4.60 14.10 4.30 percent [+]
Employed Persons 72.70 72.10 74.10 60.40 Million [+]
Unemployed Persons 3.51 3.48 10.40 3.30 Million [+]
Employment Rate 60.00 59.50 66.60 58.80 percent [+]
Labor Force Participation Rate 68.20 68.30 70.30 64.20 percent [+]
Productivity 1.50 -0.30 7.50 -4.10 percent [+]
Job Offers 1651014.00 1721885.00 2197833.00 1000000.00 Persons [+]
Wages 46549.00 45541.00 55569.00 0.00 RUB/Month [+]
Wages in Manufacturing 44173.00 42597.00 47231.00 7397.00 RUB/Month [+]
Wage Growth 3.80 3.10 27.20 -41.40 percent [+]
Minimum Wages 11163.00 9489.00 11163.00 132.00 RUB/Month [+]
Population 146.90 146.80 148.69 119.90 Million [+]
Retirement Age Women 55.50 55.00 55.50 55.00 [+]
Retirement Age Men 60.50 60.00 60.50 60.00 [+]
Wages Low Skilled 19900.00 13100.00 19900.00 11800.00 RUB/Month [+]
Wages High Skilled 48300.00 37600.00 48300.00 33300.00 RUB/Month [+]
Living Wage Family 23700.00 23500.00 23700.00 23000.00 RUB/Month [+]
Living Wage Individual 14500.00 14800.00 14800.00 13900.00 RUB/Month [+]