Serbia Wages - Forecast

Wages in Serbia is expected to be 56000.00 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 49455.09 in 12 months time. In the long-term, the Serbia Wages is projected to trend around 60000.00 RSD/Month in 2020, according to our econometric models.


Forecast Data Chart
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Serbia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 11.9 12.5 12.3 12.5 12.7 10
Employed Persons 2896800 2954877 2957202 2956781 2956857 2956845
Unemployed Persons 564 566 568 568 568 568
Wages 49202 56000 50000 49446 49455 60000
Minimum Wages 283 285 340 299 299 380
Population 7 7 6.94 6.94 6.94 6.89
Retirement Age Women 62 62 62.5 62 62 63
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 55.2 56.23 54.58 55.65 57.32 57.68
Labour Costs 109 106 106 106 106 106
Employment Rate 48.6 49.57 49.6 49.6 49.6 49.6
Youth Unemployment Rate 27.5 32.22 31.08 27.35 28.78 29.97