Labor Force Participation Rate in Serbia increased to 55 percent in the fourth quarter of 2019 from 54.80 percent in the third quarter of 2019. Serbia Labor Force Participation Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Labor Force Participation Rate in Serbia averaged 51.60 percent from 2008 until 2019, 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.
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. Looking forward, we estimate Labor Force Participation Rate in Serbia to stand at 57.21 in 12 months time. In the long-term, the Serbia Labor Force Participation Rate is projected to trend around 57.61 percent in 2021 and 57.68 percent in 2022, according to our econometric models.