Compensation of employees (current LCU) in Russia
Russia: Compensation of employees (current LCU) was 4.53 trillion current LCU in 2020. ◆ Volatile
Compensation of employees in Russia, 1999–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Russia recorded 4.53 trillion current LCU for compensation of employees in 2020. That is the highest value across all 22 years on record.
The figure is up 6.4% on the previous year and up 121.2% over ten years.
Over the whole period, compensation of employees in Russia peaked at 4.53 trillion current LCU in 2020 and was at its lowest, 124.37 billion current LCU, in 1999.
That places Russia 20th out of 156 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Russia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1999 | 124.37 billion current LCU | — |
| 2000 | 214.23 billion current LCU | +72.3% |
| 2001 | 247.49 billion current LCU | +15.5% |
| 2002 | 412.91 billion current LCU | +66.8% |
| 2003 | 548.35 billion current LCU | +32.8% |
| 2004 | 651.00 billion current LCU | +18.7% |
| 2005 | 827.99 billion current LCU | +27.2% |
| 2006 | 1.04 trillion current LCU | +25.0% |
| 2007 | 1.28 trillion current LCU | +23.5% |
| 2008 | 1.61 trillion current LCU | +26.2% |
| 2009 | 1.98 trillion current LCU | +22.9% |
| 2010 | 2.05 trillion current LCU | +3.3% |
| 2011 | 2.25 trillion current LCU | +10.0% |
| 2012 | 2.86 trillion current LCU | +26.8% |
| 2013 | 3.26 trillion current LCU | +14.1% |
| 2014 | 3.46 trillion current LCU | +6.0% |
| 2015 | 3.50 trillion current LCU | +1.1% |
| 2016 | 3.48 trillion current LCU | -0.5% |
| 2017 | 3.63 trillion current LCU | +4.4% |
| 2018 | 3.95 trillion current LCU | +8.8% |
| 2019 | 4.26 trillion current LCU | +7.7% |
| 2020 | 4.53 trillion current LCU | +6.4% |
Russia compared with similar countries
- Russia's 4.53 trillion current LCU is above the median for high income countries, which is 23.97 billion current LCU, 189.1× the median. (57 countries reporting)
- Russia's 4.53 trillion current LCU is above the median for Europe & Central Asia, which is 31.50 billion current LCU, 143.9× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 124.37 billion current LCU | 124.37 billion current LCU | 124.37 billion current LCU | 1 |
| 2000s | 881.20 billion current LCU | 214.23 billion current LCU | 1.98 trillion current LCU | 10 |
| 2010s | 3.27 trillion current LCU | 2.05 trillion current LCU | 4.26 trillion current LCU | 10 |
| 2020s | 4.53 trillion current LCU | 4.53 trillion current LCU | 4.53 trillion current LCU | 1 |
Countries ranked near Russia
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Frequently asked questions
- What is compensation of employees in Russia?
- Compensation of employees in Russia was 4.53 trillion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Russia?
- The highest recorded value was 4.53 trillion current LCU in 2020.
- What is the lowest compensation of employees recorded in Russia?
- The lowest recorded value was 124.37 billion current LCU in 1999.
- How does Russia rank for compensation of employees?
- Russia ranks 20th out of 156 countries with data for 2020.
- Is compensation of employees rising or falling in Russia?
- Over the last ten years it is up 121.2%. The long-run trend across the full record is volatile.
- Where does this Russia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.