Russia Average Monthly Nominal Wages in Manufacturing - Forecast

Wages in Manufacturing in Russia is expected to be 42500.00 RUB/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Russia to stand at 42600.00 in 12 months time. In the long-term, the Russia Average Monthly Nominal Wages in Manufacturing is projected to trend around 51000.00 RUB/Month in 2020, according to our econometric models.


Russia Average Monthly Nominal Wages in Manufacturing
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Russia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 4.9 5.2 5.3 5.5 4.9 5.8
Employed Persons 72.3 72.3 72.8 72.5 71.7 72.7
Unemployed Persons 3.7 3.7 3.8 3.9 3.7 4.2
Employment Rate 59.6 66.3 64.79 65.9 64.56 66.2
Labor Force Participation Rate 62.7 69.7 68.21 69.4 68.06 69.7
Productivity -0.2 1.2 1.2 1.2 0.17 2
Job Offers 1410404 1412007 1356374 1525690 1451166 1600369
Wages 41650 42500 40000 53000 42000 56500
Wages in Manufacturing 38197 42500 39000 42000 42600 51000
Wage Growth 7.8 4 4.2 4.2 7.58 3.3
Minimum Wages 11163 11163 11163 11163 12000 12000
Population 147 147 147 147 147 148
Retirement Age Women 55 55 55 55 55 57
Retirement Age Men 60 60 60 60 60 62
Wages Low Skilled 18300 15200 15200 15200 19500 20000
Wages High Skilled 46100 42800 42800 42800 46800 47000
Living Wage Family 28300 29700 29700 29700 31100 31100
Living Wage Individual 20400 37000 20400 37000 20400 39200