Wages in Serbia increased 11.20 percent in November of 2025 over the same month in the previous year. Wage Growth in Serbia averaged 14.35 percent from 2002 until 2025, 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. source: Statistical Office of the Republic of Serbia

Wage Growth in Serbia is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Net Wage Growth is projected to trend around 7.00 percent in 2027 and 5.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 2876600.00 2885900.00 Sep 2025
Employment Rate 51.30 51.50 percent Sep 2025
Labor Force Participation Rate 55.90 56.20 percent Sep 2025
Labour Costs 179.30 189.70 points Sep 2025
Unemployed Persons 256.50 267.00 Thousand Sep 2025
Unemployment Rate 8.20 8.50 percent Sep 2025
Wage Growth 11.20 12.30 percent Nov 2025
Wages 111987.00 110670.00 RSD/Month Nov 2025
Youth Unemployment Rate 23.40 22.80 percent Sep 2025


Serbia Net Wage Growth
Actual Previous Highest Lowest Dates Unit Frequency
11.20 12.30 94.60 -8.80 2002 - 2025 percent Monthly