Average salary in Russia (adjusted for prices) exceeded salaries in…
Average salary in Russia (adjusted for prices) exceeded salaries in Greece, Slovakia, and Hungary. According to Bloomberg, the average monthly salary in Russia in 2025, converted to purchasing power parity, was higher than in some European Union countries.
Consensus
- The average monthly salary in Russia in 2025 was 101,784 rubles.
- When adjusted for purchasing power parity (PPP), Russia's average salary exceeded those in Greece, Slovakia, and Hungary.
- The growth of wages in Russia has significantly outpaced the growth of labor productivity since 2022.
- The wage growth has been sustained at a double-digit rate despite low unemployment (slightly over 2%).
- The divergence between wage growth and productivity is comparable to the period of the oil boom in the 2000s.
- Bloomberg attributes this trend to military spending acting as a driver of economic distortion, likening it to a 'military version of Dutch disease'.
Points of divergence
- The Central Bank of Russia's Governor Elvira Nabiyullina noted that state support for inefficient enterprises hinders the movement of labor resources into more productive sectors. — vesti
- The increase in military spending has drawn labor and capital into the defense industry, raising labor costs and reducing the competitiveness of civilian enterprises. — tg_agentstvonews
- The wage growth in Russia is described as a 'military version of Dutch disease' due to the disproportionate allocation of resources toward defense. — tg_agentstvonews
- In 2022, the monthly income of a military contractor was about four times the average Russian salary, and now it is about twice. — tg_agentstvonews
Coverage (2 sources)
- Bloomberg: Wages in Russia rise amid low unemployment — Вести
- Average salary in Russia (including prices) exceeded salaries in Greece, Slovakia, and Hungary — Агентство. Новости