Wages in Russia increased 4.60 percent in April of 2025 over the same month in the previous year. This dataset provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In January 2024, real wages in Russia increased by almost * percent year-over-year, having recovered from the strong decline in the corresponding period of the previous year. This fall was due to the Russian invasion of Ukraine, which led to a devaluation of the currency and a rising inflation in the country.

In 2023, average monthly real wages in Russia increased by *** percent year-over-year. The real wage growth rate slowed down in recent years, gradually declining from *** percent in 2018.

Wages in Russia increased to 97645 RUB/Month in March from 89646 RUB/Month in February of 2025. This dataset provides the latest reported value for - Russia Average Monthly Wages - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Russia Real Wages Index data was reported at 106.800 Prev Year=100 in 2018. This records an increase from the previous number of 102.900 Prev Year=100 for 2017. Russia Real Wages Index data is updated yearly, averaging 104.750 Prev Year=100 from Dec 1991 (Median) to 2018, with 28 observations. The data reached an all-time high of 120.900 Prev Year=100 in 2000 and a record low of 67.300 Prev Year=100 in 1992. Russia Real Wages Index data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GC021: Real Wages Index: Previous Year=100: by Region.

Real Wages Index: CF: Moscow Region data was reported at 110.400 Prev Year=100 in 2024. This records an increase from the previous number of 107.900 Prev Year=100 for 2023. Real Wages Index: CF: Moscow Region data is updated yearly, averaging 104.500 Prev Year=100 from Dec 1994 (Median) to 2024, with 31 observations. The data reached an all-time high of 121.800 Prev Year=100 in 2007 and a record low of 74.600 Prev Year=100 in 1995. Real Wages Index: CF: Moscow Region data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GC022: Real Wages Index: Previous Year=100: by Region.

The real disposable income of the Russian population increased by *** percent in the third quarter of 2024 compared to the same period of 2023. The year-over-year growth rate of real disposable income has increased since the beginning of the 2024.

Key information about Russia Monthly Earnings

• Russia Monthly Earnings stood at 1,256 USD in Dec 2024, compared with the previous figure of 861 USD in Nov 2024
• Russia Monthly Earnings data is updated monthly, available from Jun 1992 to Dec 2024, with an average number of 542 USD
• The data reached the an all-time high of 1,354 USD in Dec 2022 and a record low of 25 USD in Nov 1992

CEIC converts Monthly Earnings into USD. Federal State Statistics Service provides Average Nominal Wages in local currency. The Bank of Russia average market exchange rate is used for currency conversions.


Further information about Russia Monthly Earnings

• In the latest reports, Russia Population reached 146 million people in Dec 2024
• Unemployment Rate of Russia remained the same at 2 % in Jul 2024
• The country's Labour Force Participation Rate increased to 68 % in Feb 2024

Due to the COVID-19 pandemic, the population's real disposable income in Russia declined by three percent in 2020. In the following year, the income growth was forecast at 3.7 percent, after which it would decline to 2.1 percent in 2025.

Russia MED Forecast: Real Wage: YoY: Baseline Scenario data was reported at 2.575 % in 2036. This records an increase from the previous number of 2.558 % for 2035. Russia MED Forecast: Real Wage: YoY: Baseline Scenario data is updated yearly, averaging 2.607 % from Dec 2016 (Median) to 2036, with 21 observations. The data reached an all-time high of 6.887 % in 2018 and a record low of -0.167 % in 2016. Russia MED Forecast: Real Wage: YoY: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.GC003: Real Wages: Forecast: Ministry of Economic Development.

The average nominal salary in Russia was measured at ****** Russian rubles per month in 2024, marking an increase of roughly ****** Russian rubles compared to the previous year. After the currency redenomination and the financial default in 1998, the average wage levels in the country have grown exponentially. Who gets paid more in Russia? The Russian oil and gas industry paid the highest average wage to their employees, at ******* Russian rubles between January and September 2021. Salaries in management and management consulting were the second-highest, followed by air transportation and software development. On average, men earned more than women across all industries in the country. For example, in the information and communications sector, the average wage of a male worker amounted to nearly ******* Russian rubles, compared to under ****** Russian rubles for a female worker. Economic inequality in Russia The national income distribution of Russian households shows a high concentration of income and wealth in the hands of few individuals. In 2021, the mean income of the top one percent exceeded ******* euros before income tax, compared to ***** euros earned by the bottom 50 percent of the population. Furthermore, the richest one percent in Russia held an average wealth of over *** billion euros, whereas the personal wealth of the bottom 50 percent was measured at ***** euros in the same year. However, the income gap was forecast to decrease in Russia, with the Gini index expected to decline to **** by 2029.

In 2023, the real disposable income of Russian households increased by *** percent. That was the highest rate recorded over the past decade.

In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

Between 2000 and 2018, the incomes of the bottom 40 percent of the population increased by 121 percent, while the top one percent grew nearly at the same rate as the average income across the country, which amounted to 72 percent between 2000 and 2018. This was remarkably higher than the rate recorded between 2007 and 2018, measuring at only six percent.

The dataset contains several macroeconomic time-series regarding the Russian economy. The time-series were collected from the Russian Federal State Statistics Service, the Bank of Russia and Federal Reserve Economic Data. The time-series included in the dataset are: 1. Time: 1-Jan-2005 = 1, every successive step in time represents one quarter 2. Date: Quarterly dates from 1-Jan-2005 to 1-Oct-2021 5. GDP: Quarterly nominal GDP in 2016 prices, excluding seasonal factor (bln RUB) 6. GDPgr: Nominal GDP growth rate (Quarterly, %) 7. M0: Base or high-powered money (bln RUB) 8. M0gr: M0 growth rate (Quarterly, %) 9. BM: M2 measure of money supply (bln RUB) 10. BMgr: M2 growth rate (Quarterly, %) 11. Interest: 90-day interbank rate (APR, %) 12. USDRUB: USD/RUB exchange rate (RUB) 12. EURRUB: EUR/RUB exchange rate (RUB) 13. Unemployment: Unemployment rate (%) 14. PPI: Domestic producer price index (index: 2015=100) 15. PPIgr: Growth rate of producer price index (Quarterly, %) 16. OIL: Spot prices of Brent per barrel (USD) 17. OILgr: Growth rate of Brent prices (Quarterly, %) 18. WAGE: Average monthly nominal wage rate (RUB) 19. WAGEgr: Changes in nominal wage rate (Quarterly, %) 3. CPI: Change in CPI as a ratio (End of quarter to end of previous quarter, %) 4. Inflation: Percentage change in CPI, calculated as Relative CPI - 100 (Quarterly, %)

The data was used to in time-series regression modelling to explain the factors affecting inflation in Russia. Some other modelling ideas for the dataset are: 1. Shift the focus from factor analysis to predicting future inflation 2. Perform factor analyses of other key macroeconomic variables, such as the GDP growth rate, the unemployment rate or the interest rate

Due to the low number of available observations because of quarterly sampling, this dataset is probably better suited to time-series econometric analysis rather than more modern machine learning methods.

The Russian population allocated nearly 91 percent of its disposable income for consumer expenditures in 2023. Savings in cash on hand in Russian ruble and foreign currency accounted for over twelve percent of the total. The disposable income refers to the money that a household possessed after tax deductions. Within the total population income, an approximately 13 percent share was occupied by compulsory payments and contributions. How high is the disposable income in Russia? The annual disposable income per capita in Russia neared 21 thousand U.S. dollars in 2019. In 2020, negatively impacted by the coronavirus (COVID-19) pandemic, the indicator recorded a decline by two percent. However, by 2021, the real disposable income recuperated again, demonstrating a growth of over three percent. How much do Russians earn? The average monthly nominal wage in Russia was over 57.2 thousand Russian rubles in 2021, marking a continuous increase over the past two decades. The minimum wage was in the country was approximately four times lower, at 16.2 thousand Russian rubles as of January 1, 2023. Among the highest-paid industries were industrial production, construction and real estate, and IT and the internet.

The gross domestic product (GDP) of Russia reached nearly 2.2 trillion U.S. dollars in 2024, having increased from the previous year. In the period between 2025 and 2030, the country's economy was expected to continue growing. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Russian economy The Russian economy is primarily directed by both the private sector and the state. As a member of the BRIC, Russia is currently experiencing an accelerated growth within the economy with a chance of earning a place in the G7 economies. As of the 1990s, a large amount of the country’s industrial and agricultural sectors were privatized, however energy and military production remained with the state for the most part. Thus, the majority of Russian exports consisted of energy products as well as high-tech military equipment. The effects of the global financial crisis of 2008 took a similar toll on the Russian economy, however only had short-term effects. Russia recovered after two years and has since experienced exponential economic growth and productivity due to aggressive and prompt actions from the government, providing Russia with one of the most profitable economies in the world. Additionally, unemployment reached an all-decade low from the recent Russian economic boom, which furthermore implies that there is a slight growth in wages, however is also accompanied by a large worker shortage.

Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population (%) in Russia was reported at 1.61 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Annualized average growth rate in per capita real survey mean consumption or income, total population (%) in Russia was reported at 0.38 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Annualized average growth rate in per capita real survey mean consumption or income, total population - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Russia Household Income per Capita

• Russia Annual Household Income per Capita reached 8,179.123 USD in Dec 2024, compared with the previous value of 7,549.747 USD in Dec 2023.
• Russia Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2024, with an averaged value of 5,882.623 USD.
• The data reached an all-time high of 9,660.697 USD in Dec 2013 and a record low of 183.584 USD in Dec 1992.
• In the latest reports, Retail Sales of Russia grew 5.200 % YoY in Dec 2024.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. Federal State Statistics Service provides Average Household Income per Capita in local currency. The Bank of Russia average market exchange rate is used for currency conversions.