Labor Force Participation Rate in Serbia decreased to 55.40 percent in the fourth quarter of 2021 from 55.80 percent in the third quarter of 2021. source: Statistical Office of the Republic of Serbia

Labor Force Participation Rate in Serbia averaged 51.06 percent from 2008 until 2021, reaching an all time high of 55.80 percent in the third quarter of 2021 and a record low of 47.70 percent in the first quarter of 2012. This page provides - Serbia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Labor Force Participation Rate - values, historical data and charts - was last updated on August of 2022.

Labor Force Participation Rate in Serbia is expected to be 55.65 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Labor Force Participation Rate is projected to trend around 57.61 percent in 2023 and 57.68 percent in 2024, according to our econometric models.

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Serbia Labor Force Participation Rate



Related Last Previous Unit Reference
Unemployment Rate 10.60 9.80 percent Mar 2022
Unemployed Persons 451.02 462.46 Thousand May 2022
Employed Persons 2869700.00 2917400.00 Mar 2022
Wages 74168.00 73012.00 RSD/Month May 2022
Labour Costs 94.16 89.78 points Apr 2022
Wage Growth 12.40 12.90 percent Jan 2022
Youth Unemployment Rate 28.70 23.10 percent Dec 2021
Employment Rate 50.00 50.00 percent Dec 2021
Labor Force Participation Rate 55.40 55.80 percent Dec 2021