Wages in Manufacturing in Russia increased to 45798 RUB/Month in October from 45426 RUB/Month in September of 2020. source: Federal State Statistics Service

Wages in Manufacturing in Russia averaged 25971.16 RUB/Month from 2005 until 2020, reaching an all time high of 50745 RUB/Month in December of 2019 and a record low of 7397 RUB/Month in January of 2005. This page provides the latest reported value for - Russia Average Monthly Nominal Wages in Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Average Monthly Nominal Wages in Manufacturing - values, historical data and charts - was last updated on January of 2021.

Wages in Manufacturing in Russia is expected to be 47089.00 RUB/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Russia to stand at 46714.00 in 12 months time. In the long-term, the Russia Average Monthly Nominal Wages in Manufacturing is projected to trend around 47742.00 RUB/Month in 2022 and 48792.00 RUB/Month in 2023, according to our econometric models.

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Russia Average Monthly Nominal Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
45798.00 45426.00 50745.00 7397.00 2005 - 2020 RUB/Month Monthly
Current Prices, NSA

Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.10 6.30 14.10 4.30 percent [+]
Employed Persons 70.70 70.30 74.10 60.40 Million [+]
Unemployed Persons 4.62 4.69 10.40 3.30 Million [+]
Employment Rate 58.50 58.20 66.60 58.00 percent [+]
Labor Force Participation Rate 62.30 62.30 70.30 61.70 percent [+]
Productivity 2.80 2.10 7.50 -4.10 percent [+]
Wages 49539.00 49259.00 62239.00 0.00 RUB/Month [+]
Wages in Manufacturing 45798.00 45426.00 50745.00 7397.00 RUB/Month [+]
Wage Growth 0.50 2.20 27.20 -41.40 percent [+]
Minimum Wages 12130.00 11280.00 12130.00 132.00 RUB/Month [+]
Population 146.80 146.90 148.69 119.90 Million [+]
Retirement Age Women 55.50 55.00 55.50 55.00 [+]
Retirement Age Men 60.50 60.00 60.50 60.00 [+]