Labor Force Participation Rate in Serbia increased to 54.30 percent in the second quarter of 2021 from 53.10 percent in the first quarter of 2021. source: Statistical Office of the Republic of Serbia

Labor Force Participation Rate in Serbia averaged 51.92 percent from 2008 until 2021, reaching an all time high of 55.50 percent in the third quarter of 2018 and a record low of 46.10 percent in the first quarter of 2012. This page provides - Serbia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Labor Force Participation Rate - values, historical data and charts - was last updated on September of 2021.

Labor Force Participation Rate in Serbia is expected to be 55.65 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Labor Force Participation Rate is projected to trend around 57.61 percent in 2022 and 57.68 percent in 2023, according to our econometric models.

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Serbia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
54.30 53.10 55.50 46.10 2008 - 2021 percent Quarterly

Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.10 12.80 25.50 7.90 percent [+]
Employed Persons 2831100.00 2722200.00 2938700.00 2157618.00 [+]
Unemployed Persons 518.52 540.74 970.00 491.35 Thousand [+]
Wages 65070.00 65025.00 66092.00 3821.00 RSD/Month [+]
Minimum Wages 366.04 344.43 366.04 92.72 EUR/Month [+]
Population 6.93 6.96 7.63 6.93 Million [+]
Retirement Age Women 63.17 63.00 63.17 58.00 [+]
Retirement Age Men 65.00 65.00 65.00 63.00 [+]
Labor Force Participation Rate 54.30 53.10 55.50 46.10 percent [+]
Labour Costs 99.37 103.47 135.28 64.88 points [+]
Employment Rate 48.30 46.30 49.90 34.30 percent [+]
Youth Unemployment Rate 22.20 32.20 54.20 20.70 percent [+]
Wage Growth 8.90 10.40 94.60 -8.80 percent [+]