Real wages in Russia increased 3 percent year-on-year in August of 2019, the same as in the previous month and in line with market expectations. Average nominal wages climbed 7.4 percent to RUB 45,100 while annual inflation was at 4.3 percent, its lowest since December 2018. Wage Growth in Russia averaged 5.66 percent from 1998 until 2019, 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 2.20 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 2.50 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.50 percent in 2020, according to our econometric models.

Russia Real Wage Growth
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-20 01:00 PM Real Wage Growth YoY May 2.8% 3.1% 1.5% 1.2%
2019-07-17 01:00 PM Real Wage Growth YoY Jun 2.3% 1.6% 2.8% 3%
2019-08-19 01:00 PM Real Wage Growth YoY Jul 3.5% 2.9% 2.3% 2.7%
2019-09-18 01:00 PM Real Wage Growth YoY Aug 3% 3% 3% 2.9%
2019-10-17 01:00 PM Real Wage Growth YoY Sep 3% 3.4% 3.2%
2019-11-20 01:00 PM Real Wage Growth YoY Oct 2%
2019-12-18 01:00 PM Real Wage Growth YoY Nov 2.5%


Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.50 14.10 4.30 percent [+]
Employed Persons 72.50 72.20 74.10 60.40 Million [+]
Unemployed Persons 3.30 3.40 10.40 3.30 Million [+]
Employment Rate 59.90 59.70 66.60 58.80 percent [+]
Labor Force Participation Rate 67.90 67.60 70.30 64.20 percent [+]
Productivity 1.50 -0.30 7.50 -4.10 percent [+]
Job Offers 1755036.00 1763746.00 2197833.00 1000000.00 Persons [+]
Wages 45100.00 45900.00 55569.00 0.00 RUB/Month [+]
Wages in Manufacturing 45105.00 43562.00 47231.00 7397.00 RUB/Month [+]
Wage Growth 3.00 3.00 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 [+]


Russia Real Wage Growth

In Russia, Real Wage Growth measures the year-on-year change in average monthly wages adjusted for inflation. 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 27.20 -41.40 1998 - 2019 percent Monthly




Country Last Previous
Argentina 4.29 Jul/19
Australia 2.30 Jun/19
Canada 2.70 Jul/19
Euro Area 2.70 Jun/19
France 0.50 Jun/19
Germany 1.30 Jun/19
Italy 0.70 Aug/19
Japan -0.20 Aug/19
Netherlands 2.58 Sep/19
Russia 3.00 Aug/19
Spain 6.72 Aug/19
Switzerland 0.50 Jun/19
United Kingdom 4.00 Jul/19
United States 5.34 Aug/19


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