Average and minimum wages in Belarus in rubles

2024 Author: Henry Conors | [email protected]. Last modified: 2024-02-12 02:41

The devaluation of the ruble and the general economic crisis in the Russian Federation have led to the fact that wages in Belarus and Russia in dollar terms in many industries have now become almost the same. This is shown by the calculations of the Higher School of Economics and the Institute of Social Policy. The study used both an estimate of nominal wages and an accounting for purchasing power parity.

If in 2011 the Russian Federation overtook the CIS countries by 40%, now this gap with Belarus does not exist at all. And this is due to the fall in real incomes of Russians. In January 2016, the average salary in Belarus in rubles was 21.98 thousand. Just this month, the national currency was denominated for the third time in the history of independence.

What is the salary in Belarus: general information

Until 1991, the country was part of the USSR. In January, the salary in Belarus was 266 rubles, in December - 1109. You need to understand that in 1994, 2000 and 2016. the denomination of the national currency was carried out by 10, 1000 and 10,000 times, respectively. The exchange rate of the Belarusian ruble (ruble) as of October 20, 2016 toRussian equals 1 to 32, 84.

From the very beginning, inflation has been going quite fast. In December 1994, the average salary in Belarus reached 248,922 thousand rubles. The denomination, held in August 1994, helped only partly. The inflation rate continued to rise.

Already in September 1994, salaries began to be calculated again in six figures. In June 1995, the pre-reform level was reached. In December 1999, the average salary in Belarus was 34,871,899 rubles. And this is at a rate of 1 to 0, 000077 to the Russian currency. That is, in rubles it is 2865, that is, two times less than in 1994.

After the denomination, the average salary in January 2000 was 36,659 rubles. The exchange rate against the Russian currency was 1 to 301.7. Six-figure salaries in Belarus began to be calculated due to inflation already in March 2001. However, the rate of currency depreciation has slowed down significantly. After another denomination in January 2016, the average salary in Belarus was 655.22 rubles. In rubles - 21517.42. In August 2016, the average salary was 750.3 rubles.

Features of the denomination

After independence and the introduction of its own national currency, the country experienced a huge rate of inflation. To date, three denominations have already been held in Belarus:

• In August 1994. Then the salary "decreased" by 10 times. In July it was 815.459 Belarusian rubles, and in August - 89.723. The exchange rate against the Russian currency at that time was 1to 0.0185.
• In January 2000. Then the Belarusian ruble was denominated 1000 times. If in December 1999 the average salary was a fabulous 34.871.899 Belarusian. rubles, then in January 2000 it was "reduced" to 36.659.
• In January 2016. If in December 2015 the average salary was 74,224,092 Belarusian rubles, then at the beginning of 2016 it was only 655.2. Thus, this time the Belarusian currency was denominated 10,000 times.

The last denomination has significantly strengthened the currency. And the crisis in the Russian economy allows us to talk about the excess of Belarusian wages in dollar terms over Russian ones in the near future. And this is the forecast of the Higher School of Economics. Interestingly, back in 2011, Belarus lagged behind Russia in this indicator by as much as 40%.

By regions

In 2015, according to the National Statistical Committee of the Republic of Belarus, real wages grew only in the capital by 1.1%. In all other regions, it decreased by an average of 3%. The average salary in the country in 2015 was 6.7 million Belarusian rubles. The exchange rate against the Russian currency during this period was 1 to 38.78. The regional breakdown of salaries was as follows:

• The capital - 8.872.477 Belarusian rubles.
• Minsk region – 6.667.886.
• Gomel - 6.095.879.
• Grodno - 5.920.433.
• Vitebsk – 5.805.342.
• Mogilevskaya – 5.799.081.
• Brestskaya – 5.757.018.

By areaseconomic activity

The largest salaries in Belarus in rubles were paid to financiers. They received almost 300 thousand in Russian currency. If you arrange the spheres of economic activity in descending order of wages in Belarus, you get the following list:

• Financial activities.
• Real estate transactions.
• Mining industry.
• Research and development.
• Construction.
• Production and distribution of gas, electricity and water.
• Communication and transport.
• Industry.
• Manufacturing industries.
• Trade, repair of cars and household appliances.
• He althcare.
• Agriculture.
• Education.
• Hospitality.
• Fishing.

In the capital

If we consider the situation in 2015 in the city of Minsk, here the average salary in rubles was 344 million. The highest paid were employees of the financial sector. If we consider the salary in each of the sectors in the capital, then the five most expensive professions are as follows:

• Financial activities. The average salary in Minsk in rubles is 542 million.
• Real estate transactions. The average salary in Minsk in rubles is 493 million.
• Research and development. The average salary in Minsk in rubles is 357 million.
• Production and distribution of gas, electricity and water. The average salary in Minsk in rubles is 352million.
• Construction. The average salary in Minsk in rubles is 352 million.

TOP 10

According to 2013 data, the highest salary in Belarus was offered for the following positions:

• Marketing Director at a mobile app development company. Estimated earnings - 8,000 US dollars. In December 2013, the ratio of American and Russian currencies was 1 to 32.88.
• Wholesale sales manager in the holding. Estimated earnings - 6.850 USD.
• Financial director of a management company in a large distribution and logistics group. Estimated salary is $5,000.
• CFO in a large manufacturing company. Estimated income is $5,000.
• Director of transport and warehouse logistics in a large retail chain. Estimated income is $5,000.
• Director of the IT department in a large foreign company. Estimated income is 4,000-5,000 USD.
• Area manager in a wholesale company. Estimated income is $4,000.
• Marketing Director at a distribution and logistics holding. Estimated earnings: $4,000.
• Director of property management. Estimated income is $4,000.
• Director in a company for the construction of energy centers and boiler houses. Estimated income is $4,000.

Minimum wage inBelarus

The lowest wage in the state is fixed by law. It is established every year. Moreover, it can be indexed in accordance with economic realities. In 2015, the minimum wage in Belarus was 2,100,100 Belarusian rubles. This amount was indexed three times. Taking into account bringing the minimum wage in line with economic realities in January, it was already 2.391.769 Belarusian rubles. rubles. The exchange rate against the Russian ruble as of October 21, 2016 is 1 to 32.84. However, after the denomination, from June 1, the minimum wage was set at 239 bel. rubles 18 kopecks. In September, this amount was indexed. Now the minimum wage in Belarus is 239.48 Belarusian rubles. rubles or 7864.52 Russian rubles.