Labour Costs in Serbia decreased to 99.37 points in June from 103.47 points in May of 2021. source: Statistical Office of the Republic of Serbia

Labour Costs in Serbia averaged 90.32 points from 2005 until 2021, reaching an all time high of 135.28 points in April of 2020 and a record low of 64.88 points in September of 2013. This page provides - Serbia Labour Costs- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Labour Costs - values, historical data and charts - was last updated on September of 2021.

Labour Costs in Serbia is expected to be 109.61 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Labour Costs is projected to trend around 128.26 points in 2022 and 134.93 points in 2023, according to our econometric models.

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Serbia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
99.37 103.47 135.28 64.88 2005 - 2021 points Monthly
2019=100, NSA

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 64731.00 65070.00 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 [+]