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.