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The standard of living in Russia in 2015

Author

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  • Izryadnova Olga

    (Gaidar Institute for Economic Policy)

Abstract

Over the course of 2015, the average money income in nominal terms increased by 10.1%, to Rb 30,311 per capita. Although the year 2015 saw a rise in the growth rate of nominal money incomes relative to 2014, a 12.9% increase in consumer prices caused a sharp decline in the indicators of the standard of living in real terms. In 2015, the real disposable incomes of the population, real wages, and the real size of allotted pension amounted to 96.0%, 90.5% and 96.2% respectively, of their values in 2014

Suggested Citation

  • Izryadnova Olga, 2016. "The standard of living in Russia in 2015," Published Papers ppaper-2016-255, Gaidar Institute for Economic Policy, revised 2016.
    • Handle: RePEc:gai:ppaper:ppaper-2016-255
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-255.pdf
    File Function: Revised version, 2016
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    More about this item

    Keywords

    Russian economy; living standard; money income; spending of the population;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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