Serbia's unemployment rate fell to 9.0 percent in the third quarter of 2020, from 9.5 percent in the same period of the previous year, as the number of unemployed declined by 5.3 percent to 292 thousand, while employment levels edged down 0.1 percent to 2.94 million. At the same time, the employment rate increased by 0.2 percentage points to 49.9 percent, while the activity rate was unchanged at 54.8 percent. source: Statistical Office of the Republic of Serbia
Unemployment Rate in Serbia averaged 15.82 percent from 2008 until 2020, reaching an all time high of 25.50 percent in the first quarter of 2012 and a record low of 7.30 percent in the second quarter of 2020. This page provides - Serbia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Unemployment Rate in Serbia is expected to be 16.20 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 14.30 in 12 months time. In the long-term, the Serbia Unemployment Rate is projected to trend around 13.40 percent in 2021 and 12.00 percent in 2022, according to our econometric models.