Labor Force Participation Rate in Serbia decreased to 52 percent in the second quarter of 2020 from 54 percent in the first quarter of 2020.

Labor Force Participation Rate in Serbia averaged 51.67 percent from 2008 until 2020, reaching an all time high of 55.50 percent in the third quarter of 2018 and a record low of 46.10 percent in the first quarter of 2012. This page provides - Serbia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Labor Force Participation Rate - values, historical data and charts - was last updated on September of 2020.

Labor Force Participation Rate in Serbia is expected to be 55.65 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Serbia to stand at 57.21 in 12 months time. In the long-term, the Serbia Labor Force Participation Rate is projected to trend around 57.61 percent in 2021 and 57.68 percent in 2022, according to our econometric models.

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Serbia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
52.00 54.00 55.50 46.10 2008 - 2020 percent Quarterly

Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.30 9.70 25.50 7.30 percent [+]
Employed Persons 2844200.00 2877400.00 2938700.00 2157618.00 [+]
Unemployed Persons 518.00 525.99 970.00 500.64 Thousand [+]
Wages 60029.00 59740.00 60029.00 3821.00 RSD/Month [+]
Minimum Wages 307.67 308.04 308.04 230.14 EUR/Month [+]
Population 6.96 7.00 7.63 6.96 Million [+]
Retirement Age Women 62.00 61.50 62.00 58.00 [+]
Retirement Age Men 65.00 65.00 65.00 63.00 [+]
Labor Force Participation Rate 52.00 54.00 55.50 46.10 percent [+]
Labour Costs 111.43 118.99 135.35 65.44 points [+]
Employment Rate 48.20 48.70 49.70 34.30 percent [+]
Youth Unemployment Rate 25.50 29.10 54.20 24.40 percent [+]
Wage Growth 6.30 7.80 94.60 -8.80 percent [+]