Disposable income distribution in Russia 2021, by spending and savings

The Russian population allocated 93 percent of its disposable income for consumer expenditures in 2021. Savings accounted for five percent of the total, and those in the national and foreign currency cash on hand for around one 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, a nearly 14 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 exceeded 20 thousand U.S. dollars. In 2020, negatively impacted by the coronavirus (COVID-19) pandemic, the indicator recorded a decline by three percent.

How much do Russians earn?

The average monthly nominal wage in Russia was over 51 thousand Russian rubles, marking a continuous increase over the past two decades. The minimum wage was in the country was approximately four times lower, set at 12.8 thousand Russian rubles. Among the highest-paid industries were mineral extraction, construction and real estate, and transportation and logistics.