Labor cost index in Russia, January 2020 - July 2021
For that indicator, we provide data for Russia from January 2020 to July 2021. The average value for Russia during that period was 112.19 index points with a minimum of 100 index points in January 2020 and a maximum of 148.43 index points in December 2020.
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Measure: index points
Source: Federal State Statistics Service of Russia
Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.