Nominal and real wage indices in Belarus and Russia
A comparison of population income growth rates in both countries is available through annual indices of nominal and real wages for employees of organizations. The data covers the period from 2005 to 2023 and allows for a comparison of earnings dynamics in Belarus and Russia. Rows are categorized by country and type of payment, highlighting the difference between nominal growth and changes in real purchasing power
Chart of average monthly nominal and real wage indices in Belarus and Russia, 2005–2023
- nominal wages — Belarus
- nominal wages — Russia
- real wages — Belarus
- real wages — Russia
Set in numbers
The table holds 4 series, running from 2005 to 2023, 7 reporting periods. 28 values in total.
“nominal wages — Belarus” declined by 12% between 2005 and 2023, from 133 to 117. The lowest value in the series is 111 in 2015.
All table numbers are series: 4
| Series | 2005 | 2010 | 2015 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Номинальная заработная плата — Беларусь | 133,00 | 124,00 | 111,00 | 115,00 | 115,00 | 113,00 | 117,00 |
| Номинальная заработная плата — Россия | 127,00 | 112,00 | 105,00 | 107,00 | 111,00 | 114,00 | 115,00 |
| Реальная заработная плата — Беларусь | 121,00 | 115,00 | 98,00 | 109,00 | 105,00 | 98,00 | 112,00 |
| Реальная заработная плата — Россия | 113,00 | 105,00 | 91,00 | 104,00 | 105,00 | 100,00 | 108,00 |
How to read this table
The differences between rows allow for an analysis of how much nominal accrual growth rates outpace inflation. The list presents indicators for Belarus and Russia, including a separate series for real wages in Belarus. Comparing these values provides insight into changes in the standard of living and the purchasing power of employees of organizations during the period under review
What is visible in these numbers
“nominal wages — Belarus” leads the table with 117, “real wages — Russia” closes it with 108.
More in the section Belarus and Russia»
Period and application
Statistics are published annually and cover the period from 2005 to 2023. Rosstat data is useful for economists, sociologists, government program researchers, and anyone studying the labor markets of both countries by comparing the socio-economic indicators of these neighboring states over the last eighteen years for analytical reporting
1) В целях обеспечения статистической сопоставимости данных относительные показатели за 2015 г. рассчитаны без учета данных по Республике Крым и г. Севастополю.
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