Wages in Serbia increased 11.40 percent in November of 2019 over the same month in the previous year.

Wage Growth in Serbia averaged 15.08 percent from 2002 until 2019, reaching an all time high of 94.60 percent in January of 2002 and a record low of -8.80 percent in December of 2017. This page provides - Serbia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Net Wage Growth - values, historical data and charts - was last updated on March of 2020.

Wage Growth in Serbia is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Serbia to stand at 5.50 in 12 months time. In the long-term, the Serbia Net Wage Growth is projected to trend around 5.20 percent in 2021, according to our econometric models.

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Serbia Net Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
11.40 10.30 94.60 -8.80 2002 - 2019 percent Monthly

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 516.51 506.87 970.00 500.64 Thousand [+]
Wages 59941.00 59772.00 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 117.61 105.17 128.07 73.30 points [+]
Employment Rate 49.70 49.60 49.70 34.30 percent [+]
Wage Growth 11.40 10.30 94.60 -8.80 percent [+]
Youth Unemployment Rate 26.00 24.40 54.20 24.40 percent [+]