Serbia Unemployed Persons - Forecast

Unemployed Persons in Serbia is expected to be 681.38 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 783.50 in 12 months time. In the long-term, the Serbia Unemployed Persons is projected to trend around 777.28 Thousand in 2020, according to our econometric models.


Serbia Unemployed Persons
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Serbia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 14.7 11.5 11.6 11.4 13.1 9.6
Employed Persons 2763600 2833390 2845100 2841186 2842494 2842167
Unemployed Persons 626 681 727 765 784 777
Wages 50048 51000 50200 56000 50000 60000
Minimum Wages 285 285 285 285 340 380
Population 7.04 7.01 7.01 7.04 7.04 7.04
Retirement Age Women 62 62 62 62 62.5 63
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 54.2 54.25 55.35 54.3 55.3 54.53
Labour Costs 111 103 101 101 103 102
Employment Rate 46.3 47.37 47.71 47.57 47.63 47.61
Youth Unemployment Rate 33.3 30.65 29.95 30.23 30.12 30.15