Minimum wages in Serbia were at 308.04 EUR/Month in 2019. Minimum Wages in Serbia averaged 249.26 EUR/Month from 2012 until 2019, reaching an all time high of 308.04 EUR/Month in the second quarter of 2019 and a record low of 230.14 EUR/Month in the fourth quarter of 2016.

Minimum Wages in Serbia is expected to be 308.04 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Serbia to stand at 340.00 in 12 months time. In the long-term, the Serbia Gross Minimum Monthly Wages is projected to trend around 410.00 EUR/Month in 2020, according to our econometric models.

Serbia Gross Minimum Monthly Wages
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Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 10.30 12.10 25.50 10.30 percent [+]
Employed Persons 2916500.00 2810500.00 2929300.00 2157618.00 [+]
Unemployed Persons 509.25 519.81 970.00 509.25 Thousand [+]
Wages 55042.00 53633.00 55380.00 3821.00 RSD/Month [+]
Minimum Wages 308.04 282.51 308.04 230.14 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 53.90 55.50 46.10 percent [+]
Labour Costs 111.96 112.60 128.07 73.30 Index Points [+]
Employment Rate 49.20 47.40 49.20 34.30 percent [+]
Youth Unemployment Rate 24.40 30.70 54.20 24.40 percent [+]
Wage Growth 9.00 9.90 94.60 -8.80 percent [+]


Serbia Gross Minimum Monthly Wages

In Serbia, minimum wage refers to gross monthly earnings and it's published by Eurostat twice a year. Since in Serbia the minimum hourly wage is fixed, the following conversion is applied: (hourly net rate x 40 hours x 52.2 weeks) / 12 months. In January, 2015 it was approved an increase of 5.2% in the minimum hourly wage (last adjusted upwards was in 2012). This page provides - Serbia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Gross Minimum Monthly Wages - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
308.04 282.51 308.04 230.14 2012 - 2019 EUR/Month Quarterly




Country Last Previous
Argentina 16875.00 Oct/19
Australia 740.80 Jul/19
Brazil 998.00 Oct/19
Canada 14.00 Dec/19
China 2480.00 Apr/19
France 1521.22 Dec/19
Germany 9.19 Jan/19
India 176.00 Dec/18
Indonesia 3.94 Jan/19
Japan 901.00 Oct/19
Mexico 102.68 Aug/19
Netherlands 1635.60 Dec/19
Russia 11163.00 May/18
South Korea 8350.00 Dec/19
Spain 1050.00 Jun/19
Turkey 2558.40 Dec/19
United Kingdom 8.21 Apr/19
United States 7.25 Dec/19


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