Living Standards in Russia in August 2015
Russian Economic Developments. Moscow, 2015, No. 10, pp. 45-47
3 Pages Posted: 1 Nov 2015
Date Written: October 30, 2015
The real personal disposable money income kept declining and the percentage of individuals with money income below the minimum subsistence level was increasing. Note that with a total decline (down 9% in January-August) in real income and real wages, this process is differentiated by industry and type of activity. Construction, financing activities, public administration and military security, publishing and printing, hotels and restaurants saw most of the decline in real wages, whereas agriculture, mining and quarrying, manufacturing, trade, community and social services experienced the lowest decline in real wages.
Keywords: Russian economy, living standards
JEL Classification: I31, I32
Suggested Citation: Suggested Citation