Serbia Unemployed Persons - Forecast

Unemployed Persons in Serbia is expected to be 625.65 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Serbia to stand at 646.96 in 12 months time. In the long-term, the Serbia Unemployed Persons is projected to trend around 704.44 Thousand in 2020, according to our econometric models.


Serbia Unemployed Persons
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Serbia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 12.9 12.2 11.5 11.6 11.4 9.6
Employed Persons 2881900 2722241 2827448 2732437 2635849 2566505
Unemployed Persons 619 626 633 640 647 704
Wages 54344 49436 49831 49418 49757 49345
Minimum Wages 285 285 285 285 285 380
Population 7.04 7.01 7.01 7.01 7.01 6.95
Retirement Age Women 61.6 62 62 62 62 62
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 55.3 52.04 53.72 54.35 52.57 51.11
Labour Costs 96.07 101 102 103 103 103
Employment Rate 48.2 45.79 47.62 46.06 44.6 43.47
Youth Unemployment Rate 28.8 34.05 31.03 33.62 35.49 36.66