Youth Unemployment Rate in Serbia increased to 32.40 percent in the fourth quarter of 2020 from 26.50 percent in the third quarter of 2020. source: Statistical Office of the Republic of Serbia

Youth Unemployment Rate in Serbia averaged 37.86 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 20.70 percent in the second quarter of 2020. 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 March of 2021.

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 2022 and 29.97 percent in 2023, according to our econometric models.

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Serbia Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
32.40 26.50 54.20 20.70 2008 - 2020 percent Quarterly

Serbia Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.90 9.00 25.50 7.30 percent [+]
Employed Persons 2920900.00 2936600.00 2938700.00 2157618.00 [+]
Unemployed Persons 491.35 492.62 970.00 491.35 Thousand [+]
Wages 66092.00 60926.00 66092.00 3821.00 RSD/Month [+]
Minimum Wages 366.04 344.43 366.04 92.72 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 55.10 54.80 55.50 46.10 percent [+]
Labour Costs 108.69 101.40 135.28 64.88 points [+]
Employment Rate 49.70 49.90 49.90 34.30 percent [+]
Youth Unemployment Rate 32.40 26.50 54.20 20.70 percent [+]
Wage Growth 8.20 9.20 94.60 -8.80 percent [+]