Real wages in Russia increased by 4.4 percent year-on-year in October, following a downwardly revised 4.9 percent advance in the previous month and below market expectations of a 6.8 percent gain. Average nominal wages jumped 8.1 percent to RUB 42,000 while annual inflation rate rose to 3.5 percent, its highest level since July 2017. Meanwhile, real disposable personal income in Russia increased by 1.4 percent in October, following a 2.5 percent drop in the previous month. Wage Growth in Russia averaged 5.78 percent from 1998 until 2018, 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.

Wage Growth in Russia is expected to be 4.20 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 2.20 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.20 percent in 2020, according to our econometric models.

Russia Real Wage Growth
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 01:00 PM Real Wage Growth YoY 8% 7.2% 6.8% 6.5%
2018-09-19 01:00 PM Real Wage Growth YoY 7% 7.5% 7.5% 7.2%
2018-10-17 01:00 PM Real Wage Growth YoY 7.2% 6.8% 6.4% 6.4%
2018-11-20 01:00 PM Real Wage Growth YoY 4.4% 4.9% 6.8% 6.7%
2018-12-19 01:00 PM Real Wage Growth YoY 4.4% 4% 4%
2019-01-25 01:00 PM Real Wage Growth YoY 4.20%
2019-02-19 01:00 PM Real Wage Growth YoY


Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.70 4.50 14.10 4.50 percent [+]
Employed Persons 72.50 73.20 74.10 60.40 Million [+]
Unemployed Persons 3.61 3.43 10.40 3.43 Million [+]
Employment Rate 59.80 60.30 66.60 59.30 percent [+]
Labor Force Participation Rate 62.80 63.20 70.30 62.50 percent [+]
Productivity 1.50 -0.30 7.50 -4.10 percent [+]
Job Offers 1738477.00 1753086.00 2197833.00 1000000.00 Persons [+]
Wages 42000.00 41774.00 51197.00 0.00 RUB/Month [+]
Wage Growth 4.40 4.90 27.20 -41.40 percent [+]
Wages in Manufacturing 40226.00 41126.00 41126.00 7397.00 RUB/Month [+]
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 55.00 55.00 55.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Wages High Skilled 48300.00 37600.00 48300.00 33300.00 RUB/Month [+]
Wages Low Skilled 19900.00 13100.00 19900.00 11800.00 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 [+]


Russia Real Wage Growth

This page provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Real Wage Growth - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.90 27.20 -41.40 1998 - 2018 percent Monthly




Country Last Previous
Argentina 2.34 Sep/18
Australia 2.30 Sep/18
Euro Area 2.40 Sep/18
France 0.40 Jun/18
Germany 0.50 Jun/18
Italy 1.80 Oct/18
Japan 1.50 Oct/18
Netherlands 2.27 Nov/18
Russia 4.40 Oct/18
Switzerland 0.80 Jun/18
United Kingdom 3.30 Oct/18
United States 4.60 Sep/18


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