Real wages in Russia went down 1.2 percent year-on-year in August of 2022, following a 3.2 percent decline in July, marking the fifth consecutive drop in wages. Meanwhile, average nominal wages rose 12.9 percent from a year earlier to 59,907 roubles. source: Federal State Statistics Service

Wage Growth in Russia averaged 5.19 percent from 1998 until 2022, 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 November of 2022.

Wage Growth in Russia is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Real Wage Growth is projected to trend around -1.50 percent in 2023 and -2.00 percent in 2024, according to our econometric models.

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Russia Real Wage Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-09-28 04:00 PM Jul -3.2% -3.2% -5.2% -2.5%
2022-11-02 04:00 PM Aug -1.2% -3.2% -2.5%
2022-11-30 04:00 PM Sep -1.2% -1.8% -1.3%


Related Last Previous Unit Reference
Unemployment Rate 3.90 3.80 percent Sep 2022
Unemployed Persons 2.90 2.90 Million Sep 2022
Employed Persons 72.00 72.60 Million Sep 2022
Employment Rate 59.80 60.40 percent Sep 2022
Labor Force Participation Rate 62.20 62.70 percent Sep 2022
Productivity 2.80 -0.40 percent Dec 2021
Wages 59907.00 62200.00 RUB/Month Aug 2022
Wage Growth -1.20 -3.20 percent Aug 2022
Wages in Manufacturing 62200.00 66572.00 RUB/Month Jul 2022
Minimum Wages 15279.00 13890.00 RUB/Month May 2022
Population 145.55 146.20 Million Dec 2021

Russia Real Wage Growth
In Russia, Real Wage Growth measures the year-on-year change in average monthly wages adjusted for inflation.
Actual Previous Highest Lowest Dates Unit Frequency
-1.20 -3.20 27.20 -41.40 1998 - 2022 percent Monthly

News Stream
Russia Real Wages Falls for 5th Month
Real wages in Russia went down 1.2 percent year-on-year in August of 2022, following a 3.2 percent decline in July, marking the fifth consecutive drop in wages. Meanwhile, average nominal wages rose 12.9 percent from a year earlier to 59,907 roubles.
2022-11-02
Russia Real Wages Drop for 4th Month
Real wages in Russia fell by 3.2 percent year-on-year in July of 2022, the same as in the previous month and compared with market expectations of a 5.2 percent drop. It was the fourth straight month of decline in wages. Meanwhile, average nominal wages rose 11.4 percent from a year earlier to 62,200 roubles.
2022-09-28
Russia Real Wages Fall More than Expected
Real wages in Russia fell by 3.2 percent year-on-year in June of 2022, following a 6.1 percent decrease in the previous month and compared market expectations of a 6.1 percent drop. It was the third straight month of decline in wages. Meanwhile, average nominal wages rose 12.2 percent from a year earlier to 66,572 roubles.
2022-08-31