Minimum Wages in Russia increased to 12792 RUB/Month in 2021 from 12130 RUB/Month in 2020. source: Federal State Statistics Service

Minimum Wages in Russia averaged 4874.64 RUB/Month from 2000 until 2021, reaching an all time high of 12792 RUB/Month in 2021 and a record low of 132 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 December of 2021.

Minimum Wages in Russia is expected to reach 12792.00 RUB/Month by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Minimum Wages is projected to trend around 12900.00 RUB/Month in 2022 and 13100.00 RUB/Month in 2023, according to our econometric models.

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Russia Minimum Wages

Related Last Previous Unit Reference
Unemployment Rate 4.30 4.30 percent Oct/21
Unemployed Persons 3.30 3.30 Million Oct/21
Employed Persons 72.30 72.30 Million Oct/21
Employment Rate 59.80 59.90 percent Oct/21
Labor Force Participation Rate 62.60 62.60 percent Sep/21
Productivity 2.60 3.10 percent Dec/19
Wages 54687.00 52355.00 RUB/Month Sep/21
Wage Growth 2.00 1.50 percent Sep/21
Wages in Manufacturing 51466.00 46375.00 RUB/Month Mar/21
Minimum Wages 12792.00 12130.00 RUB/Month Jan/21
Population 146.20 146.70 Million Dec/20
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.