Serbia Unemployment Rate - Forecast

Unemployment Rate in Serbia is expected to be 12.00 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 14.50 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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Serbia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 14.8 12 12.5 12.5 14.5 10
Employed Persons 2688300 2670536 2673442 2672967 2673044 2673033
Unemployed Persons 609 603 604 606 606 606
Wages 49400 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 101 104 104 104 104 104
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