Serbia Wages  Forecast


Wages in Serbia is expected to be 47706.87 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 47798.28 in 12 months time. In the long-term, the Serbia Wages is projected to trend around 47553.20 RSD/Month in 2020, according to our econometric models.


Serbia Wages
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Serbia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 11.8 11.7 12.2 11.5 11.6 9.6
Employed Persons 2881000 2867527 2816644 2939109 2946449 2655260
Unemployed Persons 639 646 653 660 667 712
Wages 47220 47707 47803 47829 47798 47553
Minimum Wages 250 240 232 229 231 235
Population 7.04 7.04 7.01 7.01 7.01 6.95
Retirement Age Women 61.6 61.57 61.72 61.79 61.87 61.79
Retirement Age Men 65 64.9 64.9 64.9 64.9 64.56
Youth Unemployment Rate 28.9 32.08 32.8 28.98 30.33 34.18
Labor Force Participation Rate 54.5 54.35 52.96 54.17 55.38 52.84
Labour Costs 107 104 103 103 103 103
Employment Rate 48.1 48.06 47.37 49.58 49.79 45.89