Wages in Serbia increased to 109272 RSD/Month in April from 108013 RSD/Month in March of 2025. This dataset provides - Serbia Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Serbia Household Income per Capita

• Serbia Annual Household Income per Capita reached 3,753.131 USD in Dec 2023, compared with the previous value of 3,122.740 USD in Dec 2022.
• Serbia Annual Household Income per Capita data is updated yearly, available from Dec 2003 to Dec 2023, with an averaged value of 2,655.783 USD.
• The data reached an all-time high of 3,753.131 USD in Dec 2023 and a record low of 1,466.888 USD in Dec 2004.
• In the latest reports, Retail Sales of Serbia dropped 6.200 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Monthly Average Household Income multiplied by 12 and annual Average Household Size and converts it into USD. Household Income is calculated as Total Receivables minus Customer and Investment Credits. The Statistical Office of the Republic of Serbia provides Average Household Income in local currency and Average Household Size. The National Bank of Serbia average market exchange rate is used for currency conversions.

Key information about Serbia Monthly Earnings

• Serbia Monthly Earnings stood at 1,329 USD in Dec 2024, compared with the previous figure of 1,262 USD in Nov 2024
• Serbia Monthly Earnings data is updated monthly, available from Jan 2000 to Dec 2024, with an average number of 654 USD
• The data reached the an all-time high of 1,329 USD in Dec 2024 and a record low of 98 USD in Jan 2001

CEIC converts Monthly Earnings into USD. The Statistical Office of the Republic of Serbia provides Monthly Earnings in local currency. The National Bank of Serbia average market exchange rate is used for currency conversions. Monthly Earnings prior to January 2018 are based on monthly survey on employee's earnings and wages.


Further information about Serbia Monthly Earnings

• In the latest reports, Serbia Population reached 7 million people in Jun 2023
• Unemployment Rate of Serbia dropped to 8 % in Sep 2024
• The country's Labour Force Participation Rate increased to 56 % in Sep 2024

Wages in Serbia increased 13.10 percent in April of 2025 over the same month in the previous year. This dataset provides - Serbia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, North Macedonia's monthly wages increased by over 15 percent compared to the previous year, which was the highest growth observed in the Western Balkans. Over the same period, the average monthly salary increased by 14.7 percent in Serbia.

This graph shows average wages around the world in 2012 as calculated by purchasing power parity. In 2012 the highest average wage was earned in Luxembourg at 4,089 purchasing power parity dollars. Wages and salaries Wages and salaries in the United States have increased during the last decades. The median weekly earnings of a full-time wage and salary worker were about 241 U.S. dollars in 1979 and shifted up to 768 U.S. dollars in 2012.

The median earnings of U.S. full-time wage and salary workers vary across their educational attainment. The highest paid workers are those who hold a bachelor’s degree, according to the U.S. Bureau of Labor Statistics.

The U.S. federal government specified minimum wage laws for workers in the United States, which say that workers must be paid no less than the current federal minimum wage. The minimum wage was set at 7.25 U.S. dollars per hour by federal law. The actual minimum wage varies from state to state, as some states have additional minimum wage laws.

For instance, the minimum wage in Washington was around 9.04 U.S. dollars per hour, while the worst minimum wage can be found in Georgia, where workers earn at least 5.15 U.S. dollars per hour. No minimum wages can be found in Tennessee, Alabama, Louisiana, South Carolina and Mississippi, as of January 1, 2012.

The number of workers paid hourly rates with earnings at or below the minimum wage in the U.S. was at its highest in the industry type of leisure and hospitality in 2013.

Recent statistics show that the share of female workers paid hourly rates at or below prevailing federal minimum wage in the United States decreased since 1979. In that year, 20.2 percent of the female wage and salary workers were paid below the federal minimum wage, while only 2.9 percent of the female workers were paid below the federal minimum wage in 2006.

Serbia RS: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 12.400 % in 2021. This records a decrease from the previous number of 14.600 % for 2020. Serbia RS: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 18.700 % from Dec 2012 (Median) to 2021, with 10 observations. The data reached an all-time high of 21.600 % in 2014 and a record low of 12.400 % in 2021. Serbia RS: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Serbia – Table RS.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

In 2023, Montenegro recorded the highest average monthly salary in the Western Balkan region, at 814 euros. Serbia and North Macedonia followed in the ranking, with 811 and 649 euros, respectively.

Serbia Household Avg Monthly Budget: Income: Salaries & Wages data was reported at 30,512.000 RSD in Mar 2018. This records a decrease from the previous number of 31,273.000 RSD for Dec 2017. Serbia Household Avg Monthly Budget: Income: Salaries & Wages data is updated quarterly, averaging 22,923.500 RSD from Mar 2006 (Median) to Mar 2018, with 48 observations. The data reached an all-time high of 31,273.000 RSD in Dec 2017 and a record low of 15,077.000 RSD in Jun 2006. Serbia Household Avg Monthly Budget: Income: Salaries & Wages data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.H007: Household Average Monthly Budget.

The statistic shows the distribution of employment in Serbia by economic sector from 2012 to 2022. In 2022, 13.57 percent of the employees in Serbia were active in the agricultural sector, 29.08 percent in industry and 57.35 percent in the service sector.

The statistic shows the adult mortality rate in Serbia from 2012 to 2022, by gender. According to the source, the adult mortality rate is the probability of dying between the ages of 15 and 60 - that is, the probability of a 15-year-old dying before reaching age 60, if subject to age-specific mortality rates of the specified year between those ages. In 2022, the mortality rate for women was at 69.17 per 1,000 female adults, while the mortality rate for men was at 145.39 per 1,000 male adults in Serbia.

Serbia RS: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data was reported at 64.756 % in 2017. This records a decrease from the previous number of 64.822 % for 2016. Serbia RS: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data is updated yearly, averaging 67.587 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 75.291 % in 1993 and a record low of 64.525 % in 2013. Serbia RS: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Serbia – Table RS.World Bank: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

Serbia Avg Net Monthly Wages: Construction data was reported at 44,342.000 RSD in May 2018. This records an increase from the previous number of 43,248.000 RSD for Apr 2018. Serbia Avg Net Monthly Wages: Construction data is updated monthly, averaging 43,248.000 RSD from Jan 2018 (Median) to May 2018, with 5 observations. The data reached an all-time high of 44,342.000 RSD in May 2018 and a record low of 42,051.000 RSD in Feb 2018. Serbia Avg Net Monthly Wages: Construction data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.G022: Average Net Monthly Wages.

Serbia Avg Gross Monthly Wages: Transportation & Storage (TS) data was reported at 63,361.000 RSD in May 2018. This records an increase from the previous number of 61,735.000 RSD for Apr 2018. Serbia Avg Gross Monthly Wages: Transportation & Storage (TS) data is updated monthly, averaging 61,735.000 RSD from Jan 2018 (Median) to May 2018, with 5 observations. The data reached an all-time high of 63,361.000 RSD in May 2018 and a record low of 60,007.000 RSD in Feb 2018. Serbia Avg Gross Monthly Wages: Transportation & Storage (TS) data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.G020: Average Gross Monthly Wages.

Serbia Avg Net Monthly Wages: Information & Communications (IC) data was reported at 80,633.000 RSD in May 2018. This records an increase from the previous number of 79,373.000 RSD for Apr 2018. Serbia Avg Net Monthly Wages: Information & Communications (IC) data is updated monthly, averaging 80,633.000 RSD from Jan 2018 (Median) to May 2018, with 5 observations. The data reached an all-time high of 88,169.000 RSD in Jan 2018 and a record low of 78,397.000 RSD in Feb 2018. Serbia Avg Net Monthly Wages: Information & Communications (IC) data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.G022: Average Net Monthly Wages.

Serbia Avg Net Monthly Wages: Arts, Entertainment & Recreation Activities (AE) data was reported at 42,018.000 RSD in May 2018. This records an increase from the previous number of 41,595.000 RSD for Apr 2018. Serbia Avg Net Monthly Wages: Arts, Entertainment & Recreation Activities (AE) data is updated monthly, averaging 41,595.000 RSD from Jan 2018 (Median) to May 2018, with 5 observations. The data reached an all-time high of 42,227.000 RSD in Jan 2018 and a record low of 41,086.000 RSD in Feb 2018. Serbia Avg Net Monthly Wages: Arts, Entertainment & Recreation Activities (AE) data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.G022: Average Net Monthly Wages.

Serbia Avg Gross Monthly Wages: Other Service Activities: Other Personal data was reported at 42,748.000 RSD in May 2018. This records an increase from the previous number of 41,618.000 RSD for Apr 2018. Serbia Avg Gross Monthly Wages: Other Service Activities: Other Personal data is updated monthly, averaging 41,618.000 RSD from Jan 2018 (Median) to May 2018, with 5 observations. The data reached an all-time high of 42,777.000 RSD in Jan 2018 and a record low of 40,502.000 RSD in Feb 2018. Serbia Avg Gross Monthly Wages: Other Service Activities: Other Personal data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.G020: Average Gross Monthly Wages.

Serbia RS: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data was reported at -1.700 % in 2015. Serbia RS: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data is updated yearly, averaging -1.700 % from Dec 2015 (Median) to 2015, with 1 observations. Serbia RS: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Serbia – Table RS.World Bank: Poverty. The growth rate in the welfare aggregate of the bottom 40% is computed as the annualized average growth rate in per capita real consumption or income of the bottom 40% of the population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2011 Purchasing Power Parity (PPP) using the PovcalNet (http://iresearch.worldbank.org/PovcalNet). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The final year refers to the most recent survey available between 2011 and 2015. Growth rates for Iraq are based on survey means of 2005 PPP$. The coverage and quality of the 2011 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2011 exercise of the International Comparison Program. See PovcalNet for detailed explanations.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

Serbia Avg Net Monthly Wages: MQ: Others data was reported at 49,294.000 RSD in May 2018. This records an increase from the previous number of 47,208.000 RSD for Apr 2018. Serbia Avg Net Monthly Wages: MQ: Others data is updated monthly, averaging 47,208.000 RSD from Jan 2018 (Median) to May 2018, with 5 observations. The data reached an all-time high of 49,294.000 RSD in May 2018 and a record low of 44,948.000 RSD in Feb 2018. Serbia Avg Net Monthly Wages: MQ: Others data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.G022: Average Net Monthly Wages.

Serbia Avg Net Monthly Wages: Real Estate Activities data was reported at 50,753.000 RSD in May 2018. This records a decrease from the previous number of 51,865.000 RSD for Apr 2018. Serbia Avg Net Monthly Wages: Real Estate Activities data is updated monthly, averaging 50,753.000 RSD from Jan 2018 (Median) to May 2018, with 5 observations. The data reached an all-time high of 51,865.000 RSD in Apr 2018 and a record low of 48,805.000 RSD in Feb 2018. Serbia Avg Net Monthly Wages: Real Estate Activities data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.G022: Average Net Monthly Wages.