Wages in Serbia increased to 59740 RSD/Month in June from 58892 RSD/Month in May of 2020.

Wages in Serbia averaged 33023.37 RSD/Month from 2000 until 2020, reaching an all time high of 59941 RSD/Month in January of 2020 and a record low of 3821 RSD/Month in January of 2001. This page provides - Serbia Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Wages - values, historical data and charts - was last updated on September of 2020.

Wages in Serbia is expected to be 57027.00 RSD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Serbia to stand at 62173.00 in 12 months time. In the long-term, the Serbia Wages is projected to trend around 66339.00 RSD/Month in 2021 and 69788.00 RSD/Month in 2022, according to our econometric models.

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Serbia Wages

Actual Previous Highest Lowest Dates Unit Frequency
59740.00 58892.00 59941.00 3821.00 2000 - 2020 RSD/Month Monthly
Current Prices, NSA

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 518.00 525.99 970.00 500.64 Thousand [+]
Wages 59740.00 58892.00 59941.00 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 111.43 118.99 135.35 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 [+]


Serbia Wages
In Serbia, wages are benchmarked using the average monthly salary.