Russian Federation - Personal Income

Russian Federation: Personal Income

Mnemonic	YP.IRUS
Unit	RUB, NSA
Adjustments	Not Seasonally Adjusted
	Quarterly	4.95 %
Data	2020 Q2	50,784
	2020 Q1	48,390

Series Information

Source	Federal State Statistics Service (Rosstat)
Release	Socio-economic situation of Russia [wages, income]
Frequency	Monthly
Start Date	3/31/2013
End Date	6/30/2020

Russian Federation: Consumer

	Reference	Last	Previous	Units	Frequency
Consumer Confidence	2024 Q1	6	13	Balance of Opinion, NSA	Quarterly
Real Retail Sales	Feb 2024	275.89	271.55	Jan. 2001 = 100, NSA	Monthly
Retail Sales	Feb 2024	4,024	3,943	Bil. RUR, NSA	Monthly
Personal Income	2020 Q2	50,784	48,390	RUB, NSA	Quarterly

Release Information

Description

For Russia, average monthly nominal accrued wages. This is defined as accrued wages fund of the employees, divided by average annual payroll number of employees and a number of months in the period. Benefits granted to the employed from the state social extra-budget funds are not included in the wages and salaries fund and in average wages and salaries.

Properties

Measurements:
- Russian rubles (RUB)
- Index relative to the corresponding period of the previous year (Index CPPY=100)
- Index relative to the previous quarter (Index prev. qt.=100)
- Index relative to the previous year (Index prev. yr.=100)
Adjustment: Not seasonally adjusted (NSA)
Native frequencies: Annual, quarterly, monthly
Geo coverage:
- Okrug/federal district (11X IRUS_^^^^)
- Oblast/federal subject (86x IRUS_^^^)
- Oblast incl. autonomous okrug (2x IRUS_^^^^^)

Methodology

Employee wages include wages paid in cash and noncash forms, accrued by an employee for time worked and not worked, compensation payments related to working conditions and work schedule, supplemental and additional payments, bonuses, and one-time incentive payments, as well as regular payments for meals and housing. Wages earned by an employee both at his main job and also at a second job are counted.

Compensation of employees in noncash form (in kind) includes:

payment for the cost of meals and food provided free of charge (entirely or in part) at cafeterias, in the form of coupons;
payment for the cost of housing, public utilities, and fuel provided to employees free of charge (entirely or in part).

Current wage surveys cover the number of people employed at organizations in permanent, seasonal, and temporary work. Women who are on maternity leave to care for a child up to the age of 3 years are not included. Part-time employees are counted in proportion to the time actually worked.

Also compiled:

Average nominal wages are wages including taxes and other withholdings in accordance with the legislation of the Russian Federation, expressed in average monetary units per employee. This figure is compiled for the month, quarter, from the beginning of the year, and for the year.
The nominal wage index is computed on the basis of current survey data as the ratio of average monthly nominal accrued wages in the reference period to the average monthly nominal accrued wages in the base period.
The real wage index is computed as the ratio of the nominal wage index to the consumer price index for the same time period.
Nominal wage indexes by occupation and by job level started in 2006, as source data for these computations become available.

Money income consists of gains of persons engaged in entrepreneurial business activity, accrued remuneration of employees, social transfers (pensions, benefits, grant, insurance compensations and other transfers), property income in the form of interest on deposits, securities, dividends, and other incomes.

Disposable money income equals money incomes in the current period less compulsory payments and due ...

Per capita average money income (per month) is calculated by dividing the total sum of annual money incomes by 12 and by the population size.

Changes to method

Starting January 2017 ROSSTAT has started to follow new classification OKVED 2 which is harmonized with NACE Rev. 2.

Moody's Analytic supplements

For average monthly wages, we compute a seasonally adjusted version.

Notes

The titles of the data tables are unhelpful for our "source" metadata.

Available in English, for 1995 to 2008: 7.7. AVERAGE MONTHLY NOMINAL ACCRUED WAGES OF EMPLOYEES OF ORGANISATIONS BY KINDS OF ECONOMIC ACTIVITIES

Only in Russia, containing 2000 to 2016 and, after reclassification, 2017: ?????????????? ??????????? ??????????? ?????????? ????? ?????????? ?? ??????? ????? ??????????? ?? ????? ????????????? ???????????? (? ???????????? ? ?????2) ? ?????????? ????????? ?? 2017 ?.*), ??????, i.e., AVERAGE MONTHLY NOMINAL ASSESSED WAGES OF EMPLOYEES BY FULL CIRCULATION OF ORGANIZATIONS BY ECONOMIC ACTIVITIES (in accordance with OKVED2) IN THE RUSSIAN FEDERATION FOR 2017 *), rubles