Minimum Wages in Russia increased to 19242 RUB/Month in 2024 from 16242 RUB/Month in 2023. Minimum Wages in Russia averaged 6431.69 RUB/Month from 2000 until 2024, reaching an all time high of 19242.00 RUB/Month in 2024 and a record low of 132.00 RUB/Month in 2000. source: Federal State Statistics Service

Minimum Wages in Russia is expected to reach 19242.00 RUB/Month by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Minimum Wages is projected to trend around 20240.00 RUB/Month in 2025 and 22000.00 RUB/Month in 2026, according to our econometric models.




Related Last Previous Unit Reference
Employed Persons 74.60 74.50 Million Oct 2024
Employment Rate 61.70 61.60 percent Oct 2024
Labor Force Participation Rate 63.10 63.10 percent Oct 2024
Minimum Wages 19242.00 16242.00 RUB/Month Jan 2024
Population 146.40 147.00 Million Dec 2023
Productivity -2.80 3.90 percent Dec 2022
Unemployed Persons 1.80 1.80 Million Oct 2024
Unemployment Rate 2.30 2.30 percent Nov 2024
Real Wage Growth YoY 7.20 8.40 percent Oct 2024
Wages 84324.00 82218.00 RUB/Month Sep 2024
Wages in Manufacturing 85401.00 86829.00 RUB/Month Sep 2024

Russia Minimum Wages
In Russia, minimum wage refers to the lowest monthly wage at federal level and cannot be below the minimum subsistence level. However, this provision has not yet been implemented in some regions. Since 2007, minimum wages include compensation, incentives payment and social benefits.
Actual Previous Highest Lowest Dates Unit Frequency
19242.00 16242.00 19242.00 132.00 2000 - 2024 RUB/Month Yearly