The unemployment rate in Serbia decreased to 10.3 percent in the second quarter of 2019 from 11.9 percent in the corresponding period of the previous year. It was the lowest jobless rate since comparable data became available in 2008. The number of unemployed persons fell by 57.6 thousand, or 14.7 percent to 334 thousand and the number of employed rose by 19.7 percent, or 0.7 percent to 2,916.5 thousand. Meantime, the labor force participation rate went down to 54.8 percent from 55.1 percent a year earlier and employment rate advanced to 49.2 percent from 48.6 percent. In the first quarter, the jobless rate was higher at 12.1 percent. Unemployment Rate in Serbia averaged 16.82 percent from 2008 until 2019, reaching an all time high of 25.50 percent in the first quarter of 2012 and a record low of 10.30 percent in the second quarter of 2019.

Unemployment Rate in Serbia is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Serbia to stand at 10.90 in 12 months time. In the long-term, the Serbia Unemployment Rate is projected to trend around 9.50 percent in 2020, according to our econometric models.

Serbia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 11:00 AM Unemployment Rate Q3 11.3% 11.9% 12.9%
2019-02-28 11:00 AM Unemployment Rate Q4 12.9% 11.3% 12.50%
2019-05-31 10:40 AM Unemployment Rate Q1 12.1% 12.9% 12.30%
2019-08-30 10:00 AM Unemployment Rate Q2 10.3% 12.1% 11.3%
2019-11-29 11:00 AM Unemployment Rate Q3 10.3% 10%


Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 10.30 12.10 25.50 10.30 percent [+]
Employed Persons 2916500.00 2810500.00 2929300.00 2157618.00 [+]
Unemployed Persons 519.81 527.21 970.00 519.81 Thousand [+]
Wages 53633.00 55380.00 55380.00 3821.00 RSD/Month [+]
Minimum Wages 308.04 282.51 308.04 230.14 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 54.80 53.90 55.50 46.10 percent [+]
Labour Costs 112.60 112.26 128.07 73.30 Index Points [+]
Employment Rate 49.20 47.40 49.20 34.30 percent [+]
Youth Unemployment Rate 32.00 25.30 54.20 25.30 percent [+]
Wage Growth 9.00 9.90 94.60 -8.80 percent [+]


Serbia Unemployment Rate

In Serbia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Serbia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.30 12.10 25.50 10.30 2008 - 2019 percent Quarterly
NSA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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