Belarusian real salary buys more than real salary in other CIS countries

23 July 2018

Based on the data from the Higher School of Economics of Russia, the Belarusian real salary buys more than the real salary in other CIS countries. Experts compared the earnings, prices, inflation, and currency stability in the countries of the Commonwealth, in Eastern Europe, China, and Brazil. The purchasing power of the Belarusian salary is in fact 1,648 US dollars. This is the amount a Belarusian would spend on a set of every-day products and services in Europe. In Russia, this figure is 1,640 US dollars.

Ivan Rodionov, a professor at the Higher School of Economics of Russia: "In Belarus, an essential part of the basic products that are included in the minimum consumer package are local products, and Belarusian products are not expensive, although the price of imported goods is similar. These findings can be attributed to the stability of the Belarusian currency, as well as a wise pricing policy."

Following Belarus and Russia in the list are Kazakhstan and Azerbaijan. Ukraine is significantly behind. In Eastern Europe, Belarus holds a higher position than Bulgaria and Romania.


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