Living Wage Family in Russia increased to 23700 RUB/Month in 2018 from 23500 RUB/Month in 2017. Living Wage Family in Russia averaged 23325 RUB/Month from 2015 until 2018, reaching an all time high of 23700 RUB/Month in 2018 and a record low of 23000 RUB/Month in 2015.

Living Wage Family in Russia is expected to be 24269.00 RUB/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Living Wage Family is projected to trend around 25647.00 RUB/Month in 2020, according to our econometric models.

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Russia Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
23700.00 23500.00 23700.00 23000.00 2015 - 2018 RUB/Month yearly


Russia Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.60 4.60 14.10 4.30 percent [+]
Employed Persons 72.70 72.10 74.10 60.40 Million [+]
Unemployed Persons 3.51 3.48 10.40 3.30 Million [+]
Employment Rate 60.00 59.50 66.60 58.80 percent [+]
Labor Force Participation Rate 62.90 62.40 70.30 61.90 percent [+]
Productivity 2.30 1.90 7.50 -4.10 percent [+]
Job Offers 1651014.00 1721885.00 2197833.00 1000000.00 Persons [+]
Wages 46549.00 45541.00 55569.00 0.00 RUB/Month [+]
Wages in Manufacturing 44173.00 42597.00 47231.00 7397.00 RUB/Month [+]
Wage Growth 3.80 3.10 27.20 -41.40 percent [+]
Minimum Wages 12130.00 11280.00 12130.00 132.00 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 [+]