Employment Rate in Serbia increased to 49.70 percent in the fourth quarter of 2019 from 49.60 percent in the third quarter of 2019.

Employment Rate in Serbia averaged 43.24 percent from 2008 until 2019, reaching an all time high of 49.70 percent in the fourth quarter of 2019 and a record low of 34.30 percent in the first quarter of 2012. This page provides - Serbia Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Employment Rate - values, historical data and charts - was last updated on July of 2020.

Employment Rate in Serbia is expected to be 49.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Serbia to stand at 49.60 in 12 months time. In the long-term, the Serbia Employment Rate is projected to trend around 49.60 percent in 2021, according to our econometric models.

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Serbia Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
49.70 49.60 49.70 34.30 2008 - 2019 percent Quarterly

Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.70 9.70 25.50 9.50 percent [+]
Employed Persons 2877400.00 2938200.00 2938700.00 2157618.00 [+]
Unemployed Persons 513.05 513.06 970.00 500.64 Thousand [+]
Wages 58932.00 59681.00 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 54.00 55.00 55.50 46.10 percent [+]
Labour Costs 106.10 106.01 128.00 65.44 points [+]
Employment Rate 49.70 49.60 49.70 34.30 percent [+]
Wage Growth 10.90 9.90 94.60 -8.80 percent [+]
Youth Unemployment Rate 25.50 29.10 54.20 24.40 percent [+]


Serbia Employment Rate
In Serbia, the employment rate measures the number of people who have a job as a percentage of the working age population.