Disposable income distribution in Russia 2022, by spending and savings

The Russian population allocated nearly 90 percent of its disposable income for consumer expenditures in 2022. Savings accounted for over eight percent of the total, and those in the national and foreign currency cash on hand for around two percent of the disposable household income. The disposable income refers to the money that a household possessed after tax deductions. Within the total population income, an approximately 13 percent share was occupied by compulsory payments and contributions.

How high is the disposable income in Russia?

The annual disposable income per capita in Russia neared 21 thousand U.S. dollars in 2019. In 2020, negatively impacted by the coronavirus (COVID-19) pandemic, the indicator recorded a decline by two percent. However, by 2021, the real disposable income recuperated again, demonstrating a growth of over three percent.

How much do Russians earn?

The average monthly nominal wage in Russia was over 57.2 thousand Russian rubles in 2021, marking a continuous increase over the past two decades. The minimum wage was in the country was approximately four times lower, at 16.2 thousand Russian rubles as of January 1, 2023. Among the highest-paid industries were industrial production, construction and real estate, and IT and the internet.