Wages in Russia decreased to 49844 RUB/Month in July from 52123 RUB/Month in June of 2020.

Wages in Russia averaged 15053.78 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 September of 2020. source: Ministry for Economic Development

Wages in Russia is expected to be 45769.00 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 52957.00 in 12 months time. In the long-term, the Russia Average Monthly Wages is projected to trend around 64436.00 RUB/Month in 2021 and 65854.00 RUB/Month in 2022, according to our econometric models.

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Russia Average Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
49844.00 52123.00 62239.00 0.00 1990 - 2020 RUB/Month Monthly
Current Prices, NSA

Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.40 6.30 14.10 4.30 percent [+]
Employed Persons 70.50 70.20 74.10 60.40 Million [+]
Unemployed Persons 4.81 4.73 10.40 3.30 Million [+]
Employment Rate 58.30 58.10 66.60 58.00 percent [+]
Labor Force Participation Rate 61.70 61.70 70.30 61.70 percent [+]
Productivity 2.80 2.10 7.50 -4.10 percent [+]
Wages 49844.00 52123.00 62239.00 0.00 RUB/Month [+]
Wages in Manufacturing 45925.00 44320.00 50745.00 7397.00 RUB/Month [+]
Wage Growth 2.30 0.60 27.20 -41.40 percent [+]
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 [+]


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