Real wages in Russia fell 7.2 percent year-on-year in April of 2022, following a 3.6 percent gain in the previous month and more than market expectations of a 6.0 percent drop. It was the first decline in real wages since April of 2020 but the steepest drop since 2015. Additionally, average nominal wages rose 9.4 percent from a year earlier to 62,269 roubles. source: Federal State Statistics Service

Wage Growth in Russia averaged 5.30 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 July 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
2022-06-01 04:00 PM Mar 3.6% 2.6% -4.5% 2.1%
2022-06-29 04:00 PM Apr -7.2% 3.6% -6% 1.1%
2022-07-27 04:00 PM May -7.2%


Related Last Previous Unit Reference
Unemployment Rate 3.90 4.00 percent May 2022
Unemployed Persons 2.90 3.00 Million May 2022
Employed Persons 71.90 71.90 Million May 2022
Employment Rate 59.80 59.70 percent May 2022
Labor Force Participation Rate 62.10 62.10 percent May 2022
Productivity -0.40 2.60 percent Dec 2020
Wages 62269.00 66757.00 RUB/Month Apr 2022
Minimum Wages 15279.00 13890.00 RUB/Month May 2022
Wages in Manufacturing 57851.00 62675.00 RUB/Month Apr 2022
Wage Growth -7.20 3.60 percent Apr 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
-7.20 3.60 27.20 -41.40 1998 - 2022 percent Monthly

News Stream
Russia Real Wages Slump the Most since 2015
Real wages in Russia fell 7.2 percent year-on-year in April of 2022, following a 3.6 percent gain in the previous month and more than market expectations of a 6.0 percent drop. It was the first decline in real wages since April of 2020 but the steepest drop since 2015. Additionally, average nominal wages rose 9.4 percent from a year earlier to 62,269 roubles.
2022-06-29
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