Russia: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 187.98
 Reference March 2024
 Measure index points
 Data availability January 2015 - March 2024
 Average 107.95
 Min - Max 66.27 - 222.43
 Source Federal State Statistics Service of Russia
For that indicator, we provide data for Russia from January 2015 to March 2024. The average value for Russia during that period was 107.95 index points with a minimum of 66.27 index points in January 2015 and a maximum of 222.43 index points in December 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series

Recent values chart
Russia - Labor cost - recent values

Historical chart
Russia - Labor cost - historical chart - 2015-2024
Measure: index points
Source: Federal State Statistics Service of Russia

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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.

 Related indicators Latest value Reference Measure
 Labor force 72.35 2023 million people
 Unemployment rate 3.87 2022 percent
 Female unemployment 3.23 2023 percent
 Male unemployment 3.09 2023 percent
 Youth unemployment 12.42 2023 percent
 Labor force participation 61.08 2023 percent
 Labor force: percent female 48.67 2023 percent
 Female labor force participation 54.45 2023 percent
 Male labor force participation 69.05 2023 percent
 Self-employment 6.61 2022 percent
 Employment 74.00 9/2023 million employed people
 Unemployment rate 3.01 9/2023 percent
 Labor cost 151.95 9/2023 index points
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