Wages in Serbia increased 9.90 percent in May of 2026 over the same month in the previous year. Wage Growth in Serbia averaged 14.30 percent from 2002 until 2026, 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 10.90 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 6.00 percent in 2027 and 4.50 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 283600.00 2828200.00 Mar 2026
Employment Rate 50.70 50.50 percent Mar 2026
Labor Force Participation Rate 55.70 55.50 percent Mar 2026
Labour Costs 218.60 188.50 points Mar 2026
Unemployed Persons 276.30 276.90 Thousand Mar 2026
Unemployment Rate 8.90 8.90 percent Mar 2026
Wage Growth 9.90 11.50 percent May 2026
Wages 118398.00 121805.00 RSD/Month May 2026
Youth Unemployment Rate 23.10 23.30 percent Mar 2026


Serbia Net Wage Growth
Actual Previous Highest Lowest Dates Unit Frequency
9.90 11.50 94.60 -8.80 2002 - 2026 percent Monthly