Unemployment Rate in Serbia decreased to 11.30 percent in the third quarter of 2018 from 11.90 percent in the second quarter of 2018. Unemployment Rate in Serbia averaged 17.31 percent from 2008 until 2018, reaching an all time high of 25.50 percent in the first quarter of 2012 and a record low of 11.30 percent in the third quarter of 2018.

Unemployment Rate in Serbia is expected to be 12.50 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 12.70 in 12 months time. In the long-term, the Serbia Unemployment Rate is projected to trend around 10.00 percent in 2020, according to our econometric models.

Serbia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-12 11:00 AM Unemployment Rate 14.7% 12.9% 12.8%
2018-05-31 11:45 AM Unemployment Rate 14.8% 14.7% 13.1%
2018-09-03 08:50 AM Unemployment Rate 11.9% 14.8% 12.4%
2018-11-30 11:00 AM Unemployment Rate 11.3% 11.9% 12.9%
2019-03-12 11:00 AM Unemployment Rate 12.5%
2019-05-31 11:45 AM Unemployment Rate 12.3%
2019-09-03 08:50 AM Unemployment Rate 12.5%


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 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
11.30 11.90 25.50 11.30 2008 - 2018 percent Quarterly
NSA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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