Minimum wages in Serbia decreased to 282.51 EUR/Month in the second half of 2018 from 285.41 EUR/Month in the first half. Minimum Wages in Serbia averaged 244.74 EUR/Month from 2012 until 2018, reaching an all time high of 285.41 EUR/Month in the second quarter of 2018 and a record low of 230.14 EUR/Month in the fourth quarter of 2016.

Minimum Wages in Serbia is expected to be 285.41 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Serbia to stand at 298.65 in 12 months time. In the long-term, the Serbia Gross Minimum Monthly Wages is projected to trend around 380.00 EUR/Month in 2020, according to our econometric models.

Serbia Gross Minimum Monthly Wages
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.30 11.90 25.50 11.30 percent [+]
Employed Persons 2929300.00 2896800.00 2929300.00 2157618.00 [+]
Unemployed Persons 553.96 563.68 970.00 553.96 Thousand [+]
Wages 47920.00 49773.00 54344.00 3821.00 RSD/Month [+]
Minimum Wages 282.51 285.41 285.41 230.14 EUR/Month [+]
Population 7.00 7.04 7.63 7.00 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 55.20 52.90 55.30 46.10 percent [+]
Labour Costs 113.82 108.61 129.00 80.00 Index Points [+]
Employment Rate 48.60 45.10 48.60 34.30 percent [+]
Youth Unemployment Rate 27.50 34.60 54.20 27.50 percent [+]


Serbia Gross Minimum Monthly Wages

In Serbia, minimum wage refers to gross monthly earnings and it's published by Eurostat twice a year. Since in Serbia the minimum hourly wage is fixed, the following conversion is applied: (hourly net rate x 40 hours x 52.2 weeks) / 12 months. In January, 2015 it was approved an increase of 5.2% in the minimum hourly wage (last adjusted upwards was in 2012). This page provides - Serbia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Gross Minimum Monthly Wages - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
282.51 285.41 285.41 230.14 2012 - 2018 EUR/Month Quarterly




Country Last Previous
Argentina 11300.00 Dec/18
Australia 719.20 Jul/18
Brazil 954.00 Dec/18
Canada 14.00 Dec/18
China 2420.00 Apr/18
France 1498.47 Dec/18
Germany 8.84 Jan/18
Indonesia 3.60 Jan/18
Japan 848.00 Dec/18
Mexico 88.36 Oct/18
Netherlands 1594.20 Dec/18
Russia 11163.00 May/18
South Korea 7530.00 Dec/18
Spain 858.55 Dec/18
Turkey 2029.50 Dec/18
United Kingdom 7.83 Apr/18
United States 7.25 Dec/18


Related

Latest