Real wages in Russia went up 0.5 percent year-on-year in October of 2020, easing from a 2.2 percent advance in the previous month and missing market expectations of a 1 percent gain. Average nominal wages climbed 4.5 percent to RUB 49,539 and annual inflation was 4 percent. source: Federal State Statistics Service

Wage Growth in Russia averaged 5.51 percent from 1998 until 2020, reaching an all time high of 27.20 percent in December of 2001 and a record low of -41.40 percent in January of 1999. This page provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Real Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Wage Growth in Russia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Russia to stand at 1.70 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.00 percent in 2021 and 2.20 percent 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 Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
0.50 2.20 27.20 -41.40 1998 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-18 04:00 PM Jul 2.3% 0.6% 0.1% 0.1%
2020-10-20 04:00 PM Aug 0.1% 2.3% 1.5% 1.7%
2020-11-20 04:00 PM Sep 2.2% 0.1% 0.1% 0.2%
2020-12-18 04:00 PM Oct 0.5% 2.2% 1% 1.2%
2021-01-28 04:00 PM Nov 0.5% -0.3% -0.4%
2021-02-18 04:00 PM Dec
2021-03-19 04:00 PM Jan
2021-04-20 04:00 PM Feb
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Russia Real Wages Rise Less than Expected in October
Real wages in Russia went up 0.5 percent year-on-year in October of 2020, easing from a 2.2 percent advance in the previous month and missing market expectations of a 1 percent gain. Average nominal wages climbed 4.5 percent to RUB 49,539 and annual inflation was 4 percent.
2020-12-18
Russia Real Wage Growth Beats Estimates
Real wages in Russia rose 2.2 percent year-on-year in September of 2020, accelerating from a 0.1 percent increase in the previous month and beating market expectations of a 0.1 percent gain. Average nominal wages climbed 6 percent to RUB 49,259 and annual inflation was 3.7 percent.
2020-11-20
Russia Real Wages Barely Rise in August
Real wages in Russia edged up 0.1 percent year-on-year in August of 2020, easing from a 2.3 percent rise in the previous month and missing market expectations of a 1.5 percent gain. Average nominal wages climbed 3.7 percent to RUB 47,649 and annual inflation was 3.7 percent.
2020-10-20
Russia Real Wages Climb 2.3% YoY in July
Real wages in Russia rose 2.3 percent year-on-year in July of 2020, accelerating from a 0.6 percent increase in the previous month and beating market forecasts of a 0.1 percent gain. Average nominal wages climbed 5.7 percent to RUB 49,844 while annual inflation was 3.4 percent.
2020-09-18

Russia Real Wage Growth
In Russia, Real Wage Growth measures the year-on-year change in average monthly wages adjusted for inflation.