Wages in Russia increased to 47257 RUB/Month in February from 46674 RUB/Month in January of 2020.

Wages in Russia averaged 14568.30 RUB/Month from 1990 until 2020, reaching an all time high of 62239 RUB/Month in December of 2019 and a record low of 0 RUB/Month in February of 1990. This page provides the latest reported value for - Russia Average Monthly Wages - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Average Monthly Wages - values, historical data and charts - was last updated on May of 2020. source: Ministry for Economic Development

Wages in Russia is expected to be 50582.00 RUB/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Russia to stand at 48675.00 in 12 months time. In the long-term, the Russia Average Monthly Wages is projected to trend around 65709.00 RUB/Month in 2021 and 67352.00 RUB/Month in 2022, according to our econometric models.

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Russia Average Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
47257.00 46674.00 62239.00 0.00 1990 - 2020 RUB/Month Monthly
Current Prices, NSA

Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 4.70 14.10 4.30 percent [+]
Employed Persons 71.40 71.10 74.10 60.40 Million [+]
Unemployed Persons 4.30 3.49 10.40 3.30 Million [+]
Employment Rate 59.10 58.90 66.60 58.80 percent [+]
Labor Force Participation Rate 62.00 61.70 70.30 61.70 percent [+]
Productivity 2.80 2.10 7.50 -4.10 percent [+]
Job Offers 1651014.00 1721885.00 2197833.00 1000000.00 Persons [+]
Wages 47257.00 46674.00 62239.00 0.00 RUB/Month [+]
Wage Growth 5.90 5.70 27.20 -41.40 percent [+]
Wages in Manufacturing 43243.00 44173.00 47231.00 7397.00 RUB/Month [+]
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 [+]
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 [+]


Russia Average Monthly Wages
In Russia, wages are benchmarked using average monthly earnings.