Minimum Wages in Russia increased to 16242 RUB/Month in 2023 from 15279 RUB/Month in 2022. source: Federal State Statistics Service

Minimum Wages in Russia averaged 5974.18 RUB/Month from 2000 until 2023, reaching an all time high of 16242.00 RUB/Month in 2023 and a record low of 132.00 RUB/Month in 2000. This page provides - Russia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Minimum Wages - values, historical data and charts - was last updated on February of 2023.

Minimum Wages in Russia is expected to reach 17000.00 RUB/Month by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Minimum Wages is projected to trend around 17000.00 RUB/Month in 2024, according to our econometric models.

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Russia Minimum Wages

Related Last Previous Unit Reference
Unemployment Rate 3.70 3.90 percent Nov 2022
Unemployed Persons 2.70 2.90 Million Nov 2022
Employed Persons 72.40 72.10 Million Nov 2022
Employment Rate 60.20 59.90 percent Nov 2022
Labor Force Participation Rate 62.20 62.70 percent Sep 2022
Productivity 2.80 -0.40 percent Dec 2021
Wages 62470.00 61879.00 RUB/Month Oct 2022
Minimum Wages 16242.00 15279.00 RUB/Month Jan 2023
Wage Growth 0.40 -1.40 percent Oct 2022
Wages in Manufacturing 61879.00 59907.00 RUB/Month Sep 2022
Population 145.55 146.20 Million Dec 2021

Russia Minimum Wages
In Russia, minimum wage refers to the lowest monthly wage at federal level and cannot be below the minimum subsistence level. However, this provision has not yet been implemented in some regions. Since 2007, minimum wages include compensation, incentives payment and social benefits.
Actual Previous Highest Lowest Dates Unit Frequency
16242.00 15279.00 16242.00 132.00 2000 - 2023 RUB/Month Yearly