Average Salaries In Russia Set To Increase By 12% In 2025

Average monthly salaries in Russia are expected to grow to ₽100,000 (US$1,273) by the end of 2025, an increase of 12% over the year, according to Izvestia, Russia’s equivalent of the Financial Times.

The best earners now are in the IT sector, finance and raw material extraction, insurance, construction, transportation and storage, while the manufacturing industry has the fastest growing income growth rate. Salaries will actively increase in industries that fulfil government orders. The strengthening of the Ruble against the US dollar has also played a role in the dynamics of salaries.

The expected inflation rate in Russia for 2025 is expected to be between 8-9%. Russia’s GDP growth for the year is expected to be about 1.4% this year, better than the larger European economies.