Real wages in Russia climbed 4.6 percent year-on-year in December of 2020, accelerating from a 0.2 percent increase in the previous month and against market expectations of a 1.5 percent fall. Average nominal wages jumped 9.7 percent to RUB 62,278 and annual inflation was 4.9 percent. source: Federal State Statistics Service

Wage Growth in Russia averaged 5.49 percent from 1998 until 2020, 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 March of 2021.

Wage Growth in Russia is expected to be 1.20 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 2.00 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.20 percent in 2022, according to our econometric models.

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Russia Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
4.60 0.20 27.20 -41.40 1998 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-20 04:00 PM Sep 2.2% 0.1% 0.1% 0.2%
2020-12-18 04:00 PM Oct 0.5% 2.2% 1% 1.2%
2021-01-28 04:00 PM Nov 0.2% 0.5% -0.3% -0.4%
2021-02-18 04:00 PM Dec 4.6% 0.2% -1.5% -1.4%
2021-03-19 04:00 PM Jan 4.6%
2021-04-20 04:00 PM Feb
2021-05-24 04:00 PM Mar
2021-06-21 04:00 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Russia Real Wages Unexpectedly Rise for 2nd Month
Real wages in Russia climbed 4.6 percent year-on-year in December of 2020, accelerating from a 0.2 percent increase in the previous month and against market expectations of a 1.5 percent fall. Average nominal wages jumped 9.7 percent to RUB 62,278 and annual inflation was 4.9 percent.
2021-02-18
Russian Real Wages Unexpectedly Rise in November
Real wages in Russia edged up 0.2 percent year-on-year in November of 2020, easing from a 0.5 percent gain in the previous month and compared to market expectations of a 0.3 percent fall. Average nominal wages climbed 4.6 percent to RUB 49,274 and annual inflation was 4.4 percent.
2021-01-28
Russia Real Wages Rise Less than Expected in October
Real wages in Russia went up 0.5 percent year-on-year in October of 2020, easing from a 2.2 percent advance in the previous month and missing market expectations of a 1 percent gain. Average nominal wages climbed 4.5 percent to RUB 49,539 and annual inflation was 4 percent.
2020-12-18
Russia Real Wage Growth Beats Estimates
Real wages in Russia rose 2.2 percent year-on-year in September of 2020, accelerating from a 0.1 percent increase in the previous month and beating market expectations of a 0.1 percent gain. Average nominal wages climbed 6 percent to RUB 49,259 and annual inflation was 3.7 percent.
2020-11-20

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