Real wages in Russia rose 3.3 percent year-on-year in May of 2021, slowing from a 7.8 percent increase in the previous month but easily beating market expectations of a 2.2 percent gain. Meantime, average nominal wages climbed 9.5 percent to RUB 56,171. source: Federal State Statistics Service

Wage Growth in Russia averaged 5.44 percent from 1998 until 2021, 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 July of 2021.

Wage Growth in Russia is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Real Wage Growth is projected to trend around 2.00 percent in 2022 and 2.30 percent in 2023, according to our econometric models.

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Russia Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
3.30 7.80 27.20 -41.40 1998 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-20 04:00 PM Feb 2% 0.1% 0.2% 0.3%
2021-06-04 11:20 AM Mar 1.8% 2% 2.1% 1%
2021-06-30 08:00 PM Apr 7.8% 1.8% 2.2% 2.2%
2021-07-28 04:00 PM May 3.3% 7.8% 2.2% 2.5%
2021-08-19 04:00 PM Jun 3.3%
2021-09-20 04:00 PM Jul
2021-10-20 04:00 PM Aug
2021-11-22 04:00 PM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Russia Real Wage Growth Beats Estimates
Real wages in Russia rose 3.3 percent year-on-year in May of 2021, slowing from a 7.8 percent increase in the previous month but easily beating market expectations of a 2.2 percent gain. Meantime, average nominal wages climbed 9.5 percent to RUB 56,171.
2021-07-28
Russia Real Wage Growth Beats Estimates
Real wages in Russia rose 2.0 percent year-on-year in February of 2021, accelerating from a 0.1 percent increase in the previous month and easily beating market expectations of a 0.2 percent gain. Meantime, average nominal wages climbed 7.8 percent to RUB 51,229.
2021-04-20
Russia Real Wages Edge Up 0.1% in January
Real wages in Russia rose 0.1 percent year-on-year in January 2021, after increasing 4.6 percent in the previous month and compared with market expectations of a flat reading. Average nominal wages climbed 5.3 percent to RUB 49,516 in January while annual inflation was 5.2 percent, the highest since April 2019.
2021-03-19
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

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