Russia's real wages increased by 0.7 percent year-on-year in February of 2019, following an upwardly revised 1.1 percent advance in the previous month and compared with market expectations of a flat reading. It was the lowest annual gain in wages since October of 2016. Average nominal wages jumped 6 percent to RUB 43,030 while annual inflation rate rose to 5.2 percent, the highest level since December of 2016. Wage Growth in Russia averaged 5.72 percent from 1998 until 2019, 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.

Wage Growth in Russia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Russia to stand at 1.50 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.50 percent in 2020, according to our econometric models.

Russia Real Wage Growth
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 01:30 PM Real Wage Growth YoY 4.6% 5.2% 4% 4%
2019-01-25 01:00 PM Real Wage Growth YoY 2.5% 4.2% 4.1% 4.2%
2019-02-19 03:30 PM Real Wage Growth YoY 0.2% 2.9% 0.4% 0.7%
2019-03-20 02:00 PM Real Wage Growth YoY 0.7% 1.1% 0% -0.6%
2019-04-17 01:00 PM Real Wage Growth YoY 0.7% 0.5%
2019-05-24 01:00 PM Real Wage Growth YoY 0.1%
2019-06-20 01:00 PM Real Wage Growth YoY 0.6%


Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 4.90 14.10 4.50 percent [+]
Employed Persons 71.20 72.60 74.10 60.40 Million [+]
Unemployed Persons 3.66 3.67 10.40 3.43 Million [+]
Employment Rate 58.80 59.90 66.60 58.80 percent [+]
Labor Force Participation Rate 61.90 62.90 70.30 61.90 percent [+]
Productivity 1.50 -0.30 7.50 -4.10 percent [+]
Job Offers 1485830.00 1597663.00 2197833.00 1000000.00 Persons [+]
Wages 43030.00 42263.00 55569.00 0.00 RUB/Month [+]
Wage Growth 0.70 1.10 27.20 -41.40 percent [+]
Wages in Manufacturing 47231.00 40101.00 47231.00 7397.00 RUB/Month [+]
Minimum Wages 11163.00 9489.00 11163.00 132.00 RUB/Month [+]
Population 146.90 146.80 148.69 119.90 Million [+]
Retirement Age Women 55.50 55.00 55.50 55.00 [+]
Retirement Age Men 60.50 60.00 60.50 60.00 [+]
Wages High Skilled 48300.00 37600.00 48300.00 33300.00 RUB/Month [+]
Wages Low Skilled 19900.00 13100.00 19900.00 11800.00 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 Real Wage Growth

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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 1.10 27.20 -41.40 1998 - 2019 percent Monthly




Country Last Previous
Argentina 1.66 Dec/18
Australia 2.30 Dec/18
Canada 1.80 Dec/18
Euro Area 2.30 Dec/18
France 0.40 Jun/18
Germany 1.50 Sep/18
Italy 1.70 Dec/18
Japan 1.20 Jan/19
Netherlands 2.07 Feb/19
Russia 0.70 Feb/19
Switzerland 0.50 Sep/18
United Kingdom 3.40 Jan/19
United States 4.16 Jan/19


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