Real wages in Russia increased by 7.2 percent from a year ago in September of 2018, following a downwardly revised 6.8 percent rise in the prior month and beating market expectations of a 6.4 percent gain. Average nominal wages surged 10.8 percent to RUB 42,200 while annual inflation rate rose to 3.4 percent in September, the highest level since July 2017. Meantime, real disposable income in Russia fell 1.5 percent in September, following a 0.9 percent decrease in the previous month. Wage Growth in Russia averaged 5.79 percent from 1998 until 2018, 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
2018-08-17 01:00 PM Real Wage Growth YoY 8% 7.2% 6.8% 6.5%
2018-09-19 01:00 PM Real Wage Growth YoY 7% 7.5% 7.5% 7.2%
2018-10-17 01:00 PM Real Wage Growth YoY 7.2% 6.8% 6.4% 6.4%
2018-11-20 01:00 PM Real Wage Growth YoY 7.2% 6.8% 6.7%
2018-12-19 01:00 PM Real Wage Growth YoY


Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.60 14.10 4.50 percent [+]
Employed Persons 73.20 73.40 74.10 60.40 Million [+]
Unemployed Persons 3.43 3.51 10.40 3.43 Million [+]
Employment Rate 60.30 60.50 66.60 59.30 percent [+]
Labor Force Participation Rate 63.20 63.40 70.30 62.50 percent [+]
Productivity 1.50 -0.30 7.50 -4.10 percent [+]
Job Offers 1738477.00 1753086.00 2197833.00 1000000.00 Persons [+]
Wages 42200.00 41364.00 51197.00 1.00 RUB/Month [+]
Wage Growth 7.20 6.80 27.20 -41.40 percent [+]
Wages in Manufacturing 40226.00 41126.00 41126.00 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 55.00 55.00 55.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.20 6.80 27.20 -41.40 1998 - 2018 percent Monthly




Country Last
Argentina 2.84 Aug/18
Australia 2.30 Sep/18
Euro Area 1.90 Jun/18
France 0.40 Jun/18
Germany 0.50 Jun/18
Italy 1.90 Aug/18
Japan 1.10 Sep/18
Netherlands 2.27 Oct/18
Russia 7.20 Sep/18
Switzerland 0.80 Jun/18
United Kingdom 3.00 Sep/18
United States 4.79 Aug/18


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