Youth Unemployment Rate in Serbia decreased to 25.50 percent in the first quarter of 2020 from 29.10 percent in the fourth quarter of 2019.

Youth Unemployment Rate in Serbia averaged 38.78 percent from 2008 until 2020, reaching an all time high of 54.20 percent in the second quarter of 2014 and a record low of 24.40 percent in the second quarter of 2019. This page provides - Serbia Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Youth Unemployment Rate - values, historical data and charts - was last updated on June of 2020. source: Statistical Office of the Republic of Serbia

Youth Unemployment Rate in Serbia is expected to be 27.35 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Serbia to stand at 31.28 in 12 months time. In the long-term, the Serbia Youth Unemployment Rate is projected to trend around 30.52 percent in 2021 and 29.97 percent in 2022, according to our econometric models.

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Serbia Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
25.50 29.10 54.20 24.40 2008 - 2020 percent Quarterly

Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.70 9.70 25.50 9.50 percent [+]
Employed Persons 2877400.00 2938200.00 2938700.00 2157618.00 [+]
Unemployed Persons 513.05 513.06 970.00 500.64 Thousand [+]
Wages 59681.00 58132.00 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 54.00 55.00 55.50 46.10 percent [+]
Labour Costs 106.10 106.01 128.00 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 25.50 29.10 54.20 24.40 percent [+]