Labor cost index
| Latest value
||Federal State Statistics Service of Russia
For that indicator, we provide data for Russia from January 2015 to May 2023. The average value for Russia during that period was 102.08 index points with a minimum of 66.27 index points in January 2015 and a maximum of 189.54 index points in December 2022.
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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.