Labour Costs in Serbia decreased to 103.96 points in October from 106.25 points in September of 2019.

Labour Costs in Serbia averaged 96.63 points from 2005 until 2019, reaching an all time high of 128.07 points in January of 2009 and a record low of 73.30 points in September of 2013. This page provides - Serbia Labour Costs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labour Costs in Serbia is expected to be 114.81 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Serbia to stand at 112.09 in 12 months time. In the long-term, the Serbia Labour Costs is projected to trend around 124.06 points in 2020, according to our econometric models.


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Serbia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
103.96 106.25 128.07 73.30 2005 - 2019 points Monthly
2014=100, NSA
Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.50 10.30 25.50 9.50 percent [+]
Employed Persons 2938700.00 2916500.00 2938700.00 2157618.00 [+]
Unemployed Persons 500.78 500.64 970.00 500.64 Thousand [+]
Wages 56331.00 55065.00 56331.00 3821.00 RSD/Month [+]
Minimum Wages 307.67 308.04 308.04 230.14 EUR/Month [+]
Population 7.00 7.04 7.63 7.00 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 54.80 54.80 55.50 46.10 percent [+]
Labour Costs 103.96 106.25 128.07 73.30 points [+]
Employment Rate 49.60 49.20 49.60 34.30 percent [+]
Youth Unemployment Rate 24.40 30.70 54.20 24.40 percent [+]
Wage Growth 10.30 12.10 94.60 -8.80 percent [+]