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PDF, 3464 KB - Roland Berger

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d<br />

Labor cost in Russia are among the lowest in the World, but the<br />

level of the wages depends on the Region<br />

Labor cost comparison 2004<br />

Average hourly cost of labor 1)<br />

[EUR]<br />

Average monthly nominal wages in selected<br />

Russian Regions 2) [EUR]<br />

Germany<br />

France<br />

15.7<br />

25.3<br />

250<br />

Moscow<br />

Czech Rep.<br />

Hungary<br />

4.2<br />

5.0<br />

200<br />

St.<br />

Petersburg<br />

Poland<br />

Slovakia<br />

Turkey<br />

Romania<br />

1.8<br />

1.8<br />

2.9<br />

4.1<br />

150<br />

100<br />

Samara<br />

N. Novgorod<br />

Russia 3)<br />

Ukraine<br />

1.7<br />

0.8<br />

50<br />

2000 2001 2002 2003<br />

1) Average hourly compensation of production workers including benefits (data for 2004)<br />

2) Excluding social cost; average wages in industrial sector actually a little higher, but no specific data available<br />

3) Regional costs can vary - Example AvtoVAZ assembly line: labor costs are 2.8 EUR per hour<br />

Source: EIU, CE-Research LLP, Russian Federal Statistics Office, <strong>Roland</strong> <strong>Berger</strong> analysis<br />

MUC-90007-497-09-03-E.ppt 34

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