Real wages in Russia tumbled 2 percent year-on-year in May of 2020, after increasing 5.9 percent in the previous month and compared to market expectations of an 8% drop. It was the first decline in wages since July of 2016, as average nominal wages rose 1 percent to RUB 49,306 while annual inflation was 3 percent.

Wage Growth in Russia averaged 5.61 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 July of 2020. source: Federal State Statistics Service

Wage Growth in Russia is expected to be 2.50 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 3.00 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.50 percent in 2021, 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
-2.00 5.90 27.20 -41.40 1998 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-20 01:00 PM Jan 6.5% 6.9% 4.5% 5.1%
2020-04-27 01:00 PM Feb 5.7% 6.5% 5.5% 5.1%
2020-05-26 06:00 PM Mar 5.9% 5.7% -7% -6.4%
2020-06-19 04:00 PM Apr -2% 5.9% -8% -7%
2020-07-20 01:00 PM May -2%
2020-08-20 01:00 PM Jun 2.5%
2020-09-18 01:00 PM Jul
2020-10-20 01:00 PM Aug
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Russian Real Wages Decline for 1st Time in 4 Years
Real wages in Russia tumbled 2 percent year-on-year in May of 2020, after increasing 5.9 percent in the previous month and compared to market expectations of an 8% drop. It was the first decline in wages since July of 2016, as average nominal wages rose 1 percent to RUB 49,306 while annual inflation was 3 percent.
2020-06-19
Russia Real Wages Rise 6% in March
Real wages in Russia increased 5.9 percent year-on-year in March of 2020, following a 5.7 percent rise in the previous month and against market expectations of a 7 percent fall. Average nominal wages climbed 8.6 percent to RUB 50,926.
2020-05-26
Russia Real Wage Growth Beats Estimates
Real wages in Russia advanced 5.7 percent year-on-year in March of 2020, easing from a 6.5 percent rise in the previous month but slightly above market expectations of a 5.5 percent increase. Average nominal wages climbed 8.1 percent to RUB 47,257 while annual inflation was 2.5 percent.
2020-04-27
Russia Real Wages Growth Slows Less than Expected
Real wages in Russia increased 6.5 percent year-on-year in February 2020, easing from a 6.9 percent rise in the previous month but beating market estimates of a 4.5 percent advance. Average nominal wages climbed 9.1 percent to RUB 46,674 while annual inflation was 2.3 percent.
2020-03-20

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