Labour Costs in Serbia decreased to 106.01 points in February from 117.61 points in January of 2020.

Labour Costs in Serbia averaged 89.09 points from 2005 until 2020, reaching an all time high of 128 points in January of 2006 and a record low of 65.44 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 May of 2020.

Labour Costs in Serbia is expected to be 120.26 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 124.08 in 12 months time. In the long-term, the Serbia Labour Costs is projected to trend around 116.72 points in 2021 and 122.79 points in 2022, according to our econometric models.

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Serbia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
106.01 117.61 128.00 65.44 2005 - 2020 points Monthly
2019=100, NSA

Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.70 9.50 25.50 9.50 percent [+]
Employed Persons 2938200.00 2938700.00 2938700.00 2157618.00 [+]
Unemployed Persons 513.06 514.12 970.00 500.64 Thousand [+]
Wages 58132.00 59941.00 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 55.00 54.80 55.50 46.10 percent [+]
Labour Costs 106.01 117.61 128.00 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 29.10 26.00 54.20 24.40 percent [+]