Serbia Unemployment Rate  Forecast


Unemployment Rate in Serbia is expected to be 11.70 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 11.60 in 12 months time. In the long-term, the Serbia Unemployment Rate is projected to trend around 9.60 percent in 2020, according to our econometric models.


Serbia Unemployment Rate
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Serbia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 11.8 11.7 12.2 11.5 11.6 9.6
Employed Persons 2881000 2867527 2816644 2939109 2946449 2655260
Unemployed Persons 639 646 653 660 667 712
Wages 47220 47707 47803 47829 47798 47553
Minimum Wages 250 240 232 229 231 235
Population 7.04 7.04 7.01 7.01 7.01 6.95
Retirement Age Women 61.6 61.57 61.72 61.79 61.87 61.79
Retirement Age Men 65 64.9 64.9 64.9 64.9 64.56
Youth Unemployment Rate 28.9 32.08 32.8 28.98 30.33 34.18
Labor Force Participation Rate 54.5 54.35 52.96 54.17 55.38 52.84
Labour Costs 107 104 103 103 103 103
Employment Rate 48.1 48.06 47.37 49.58 49.79 45.89