Wages in Serbia increased to 55065 RSD/Month in October from 53698 RSD/Month in September of 2019. Wages in Serbia averaged 32110.44 RSD/Month from 2000 until 2019, reaching an all time high of 55380 RSD/Month in May of 2019 and a record low of 3821 RSD/Month in January of 2001.

Wages in Serbia is expected to be 58179.00 RSD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Serbia to stand at 58094.00 in 12 months time. In the long-term, the Serbia Wages is projected to trend around 64292.00 RSD/Month in 2020, according to our econometric models.

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Serbia Wages

Actual Previous Highest Lowest Dates Unit Frequency
55065.00 53698.00 55380.00 3821.00 2000 - 2019 RSD/Month Monthly
Current Prices, NSA


Serbia Wages
In Serbia, wages are benchmarked using the average monthly salary.

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 55065.00 53698.00 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 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 [+]