Real wages in Russia rose 3.6 percent year-on-year in March of 2022, accelerating from a 2.6 percent increase in the previous month and easily beating market expectations of a 4.5 percent drop. Meantime, Russians' average nominal wages rose 20.9 percent from a year earlier to 66,757 roubles. source: Federal State Statistics Service

Wage Growth in Russia averaged 5.35 percent from 1998 until 2022, 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 June of 2022.

Wage Growth in Russia is expected to be -2.00 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 1.60 percent in 2023 and 2.10 percent in 2024, according to our econometric models.

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Russia Real Wage Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-04-27 04:00 PM Feb 2.6% 1.9% 0.9% 1%
2022-06-01 04:00 PM Mar 3.6% 2.6% -4.5% 2.1%
2022-06-29 04:00 PM Apr 3.6% -6% 1.1%


Related Last Previous Unit Reference
Unemployment Rate 4.00 4.10 percent Apr 2022
Unemployed Persons 3.00 3.10 Million Apr 2022
Employed Persons 71.90 71.40 Million Apr 2022
Employment Rate 59.70 59.40 percent Apr 2022
Labor Force Participation Rate 61.92 62.19 percent Mar 2022
Productivity -0.40 2.60 percent Dec 2020
Wages 66757.00 57344.00 RUB/Month Mar 2022
Wage Growth 3.60 2.60 percent Mar 2022
Wages in Manufacturing 53095.00 53223.00 RUB/Month Feb 2022
Minimum Wages 13890.00 12792.00 RUB/Month Jan 2022
Population 145.55 146.20 Million Dec 2021

Russia Real Wage Growth
In Russia, Real Wage Growth measures the year-on-year change in average monthly wages adjusted for inflation.
Actual Previous Highest Lowest Dates Unit Frequency
3.60 2.60 27.20 -41.40 1998 - 2022 percent Monthly

News Stream
Russia Real Wage Growth Beats Estimates
Real wages in Russia rose 3.6 percent year-on-year in March of 2022, accelerating from a 2.6 percent increase in the previous month and easily beating market expectations of a 4.5 percent drop. Meantime, Russians' average nominal wages rose 20.9 percent from a year earlier to 66,757 roubles.
2022-06-01
Russia Real Wages Rise Faster in February
Real wages in Russia rose by 2.6 percent year-on-year in February of 2022, up from a 1.9 percent advance in the previous month and well above market estimates of a 0.9% increase. Average nominal wages climbed 12 percent to RUB 57,344 while inflation was at 9.20 percent.
2022-04-27
Russia Real Wages Rise at Slower Pace in January
Real wages in Russia rose 2 percent year-on-year in January of 2022, easing from a 3.6 percent advance in the previous month. Average nominal wages climbed 10.8 percent to RUB 55,717 while inflation was at 8.73 percent.
2022-03-30