Labor Force Participation Rate in Serbia increased to 55.10 percent in the fourth quarter of 2020 from 54.80 percent in the third quarter of 2020. source: Statistical Office of the Republic of Serbia

Labor Force Participation Rate in Serbia averaged 51.84 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 April of 2021.

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 2022 and 57.68 percent in 2023, according to our econometric models.

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Serbia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
55.10 54.80 55.50 46.10 2008 - 2020 percent Quarterly

Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.90 9.00 25.50 7.30 percent [+]
Employed Persons 2920900.00 2936600.00 2938700.00 2157618.00 [+]
Unemployed Persons 514.13 509.82 970.00 491.35 Thousand [+]
Wages 63109.00 66092.00 66092.00 3821.00 RSD/Month [+]
Minimum Wages 366.04 344.43 366.04 92.72 EUR/Month [+]
Population 6.93 6.96 7.63 6.93 Million [+]
Retirement Age Women 63.17 63.00 63.17 58.00 [+]
Retirement Age Men 65.00 65.00 65.00 63.00 [+]
Labor Force Participation Rate 55.10 54.80 55.50 46.10 percent [+]
Labour Costs 108.17 115.89 135.28 64.88 points [+]
Employment Rate 49.70 49.90 49.90 34.30 percent [+]
Youth Unemployment Rate 32.40 26.50 54.20 20.70 percent [+]
Wage Growth 5.30 10.60 94.60 -8.80 percent [+]