Belarus is ahead of Russia on the level of real wages, and Ukraine barely crossed the threshold of $1 thousand.

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Russia’s economy will continue to decline.

Real wages in Belarus has exceeded that of wages in Russia.

According to experts of the Russian Institute of social policy Higher school of Economics, the average salary for purchasing power parity of currencies in the past year reached $ 1648. While in Russia – $ 1640.

Minsk for the first time ahead of Moscow on this indicator in 2015. “Peak real wage was in the middle of 2014, then they declined for three years until resumed [growth] last year, about the second quarter,” said researcher Belarusian economic research and education center (outreach) Dmitry Kruk.

In 2015, real wages in Russia fell by 9% compared to the previous year. In subsequent years, it grew at a slow pace: the growth amounted to + 0,8% in 2016, plus 2.9% in 2017. The devaluation of the ruble in 2014-2015 has resulted in a reduction of wages in Russia in dollar terms.

The Ministry expects a slowdown in real wage growth with the planned 6.3 per cent in 2018, to 0.8% in 2019.

Russian experts estimate that in Ukraine the average salary is lower. In 2017 it was $1074. Poland – $ 2343, Czech Republic – $ 2026, and Hungary – $ 2107.

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Snidanok 1+1

18 Jul, 09:44

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