Wages in Serbia increased 6.30 percent in May of 2020 over the same month in the previous year.

Wage Growth in Serbia averaged 14.93 percent from 2002 until 2020, reaching an all time high of 94.60 percent in January of 2002 and a record low of -8.80 percent in December of 2017. This page provides - Serbia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Net Wage Growth - values, historical data and charts - was last updated on October of 2020.

Wage Growth in Serbia is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Serbia to stand at 5.50 in 12 months time. In the long-term, the Serbia Net Wage Growth is projected to trend around 5.20 percent in 2021, according to our econometric models.

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Serbia Net Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
6.30 7.80 94.60 -8.80 2002 - 2020 percent Monthly

Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.30 9.70 25.50 7.30 percent [+]
Employed Persons 2844200.00 2877400.00 2938700.00 2157618.00 [+]
Unemployed Persons 508.32 518.00 970.00 500.64 Thousand [+]
Wages 60029.00 59740.00 60029.00 3821.00 RSD/Month [+]
Minimum Wages 307.67 308.04 308.04 230.14 EUR/Month [+]
Population 6.96 7.00 7.63 6.96 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 52.00 54.00 55.50 46.10 percent [+]
Labour Costs 109.80 111.43 135.35 65.44 points [+]
Employment Rate 48.20 48.70 49.70 34.30 percent [+]
Youth Unemployment Rate 25.50 29.10 54.20 24.40 percent [+]
Wage Growth 6.30 7.80 94.60 -8.80 percent [+]