Real wages in Russia rose 2.2 percent year-on-year in July of 2021, easing from a 4.9 percent gain in June and below market expectations of 2.7 percent. Average nominal wages climbed 8.8 percent to RUB 55,170 while inflation advanced 6.5 percent. source: Federal State Statistics Service

Wage Growth in Russia averaged 5.43 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 October of 2021.

Wage Growth in Russia is expected to be 1.90 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


Calendar GMT Actual Previous Consensus TEForecast
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%
2021-09-01 04:00 PM Jun 4.9% 3.3% 2.4% 2.9%
2021-10-01 04:00 PM Jul 2.2% 4.9% 2.7% 4.2%
2021-10-29 04:00 PM Aug 2.2% 3.5% 1.7%
2021-12-03 04:00 PM Sep
2021-12-29 04:00 PM Oct


News Stream
Russia Real Wage Growth Misses Estimates
Real wages in Russia rose 2.2 percent year-on-year in July of 2021, easing from a 4.9 percent gain in June and below market expectations of 2.7 percent. Average nominal wages climbed 8.8 percent to RUB 55,170 while inflation advanced 6.5 percent.
2021-10-01
Russia Real Wage Growth Above Estimates
Real wages in Russia rose 4.9 percent year-on-year in June of 2021, up from a 3.3 percent increase in the previous month and easily beating market expectations of a 2.4 percent gain. Meantime, average nominal wages climbed 11.7 percent to RUB 58,782.
2021-09-01
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 Last Unit Reference Previous Highest Lowest
Unemployment Rate 4.40 percent Aug/21 4.50 14.10 4.30
Unemployed Persons 3.36 Million Aug/21 3.40 10.40 3.30
Employed Persons 72.30 Million Aug/21 72.00 74.10 60.40
Employment Rate 59.80 percent Aug/21 59.60 66.60 58.00
Labor Force Participation Rate 62.20 percent Apr/21 62.10 70.30 61.70
Productivity 2.60 percent Dec/19 3.10 7.50 -4.10
Wages 55170.00 RUB/Month Jul/21 58782.00 69278.00 0.00
Wage Growth 2.20 percent Jul/21 4.90 27.20 -41.40
Wages in Manufacturing 51466.00 RUB/Month Mar/21 46375.00 56019.00 7397.00
Minimum Wages 12792.00 RUB/Month Jan/21 12130.00 12792.00 132.00
Population 146.20 Million Dec/20 146.70 148.60 119.90


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