Russia Real Wage Growth  1998-2017 | Data | Chart | Calendar | Forecast

Real wages in Russia rose 3.7 percent year-on-year in August 2017, following a downwardly revised 3.1 percent gain in July and missing market expectations of 4.2 percent. Average nominal wages jumped 7.1 percent to RUB 38,040 while annual inflation rate slowed to 3.3 percent, the lowest since at least 1991. Meanwhile, real disposable income dropped 0.3 percent. Wage Growth in Russia averaged 5.72 percent from 1998 until 2017, 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.

Russia Real Wage Growth
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-19 01:00 PM Real Wage Growth YoY 2.9% 2.8% 3.4% 3.2%
2017-08-17 01:00 PM Real Wage Growth YoY 4.6% 3.9% 3.1% 3.2%
2017-09-19 01:00 PM Real Wage Growth YoY 3.7% 3.1% 4.2% 4.1%
2017-10-18 01:00 PM Real Wage Growth YoY 3.7%
2017-11-20 01:00 PM Real Wage Growth YoY
2017-12-19 01:00 PM Real Wage Growth YoY


Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.10 14.10 4.80 percent [+]
Employed Persons 72.40 72.10 74.10 60.40 Million [+]
Unemployed Persons 3.79 3.91 10.40 3.60 Million [+]
Employment Rate 65.70 65.50 66.60 64.20 percent [+]
Labor Force Participation Rate 69.20 68.90 70.30 64.20 percent [+]
Productivity -2.20 0.70 7.50 -4.10 percent [+]
Job Offers 1652370.00 1663932.00 2197833.00 1000000.00 Persons [+]
Wages 39355.00 41640.00 47554.00 1.00 RUB/Month [+]
Wage Growth 3.70 3.10 27.20 -41.40 percent [+]
Wages in Manufacturing 40469.00 38565.00 40731.00 7397.00 RUB/Month [+]
Minimum Wages 7500.00 7500.00 7500.00 132.00 RUB/Month [+]
Population 146.50 146.30 148.69 119.90 Million [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Living Wage Family 33965.10 34469.50 35809.00 32990.40 RUB/Month [+]
Living Wage Individual 35518.60 34458.70 37431.50 32176.90 RUB/Month [+]
Wages High Skilled 38600.00 37300.00 38600.00 36700.00 RUB/Month [+]
Wages Low Skilled 13100.00 12100.00 13100.00 9990.00 RUB/Month [+]


Russia Real Wage Growth Notes

This page provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Real Wage Growth - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.10 27.20 -41.40 1998 - 2017 percent Monthly



wage growth by Country

Last
Australia 1.90 Jun/17
Euro Area 2.00 Jun/17
France 0.50 Mar/17
Germany 0.60 Mar/17
Italy 0.40 Jul/17
Japan -0.30 Jul/17
Netherlands 1.57 Aug/17
Russia 3.70 Aug/17
Switzerland 0.70 Dec/16
United Kingdom 2.10 Jul/17
United States 2.95 May/17