Wages in Serbia decreased to 107705 RSD/Month in May from 109272 RSD/Month in April of 2025. This dataset provides - Serbia Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

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.

Wages in Serbia increased 7.50 percent in May 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 the Western Balkan region, Serbia recorded the highest average salary for ICT professionals in 2024, at ***** euros a month. North Macedonia ranked second with an average monthly salary of ***** euros.

Minimum Wages in Serbia decreased to 618 EUR/Month in the fourth quarter of 2025 from 619 EUR/Month in the second quarter of 2025. This dataset provides - Serbia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

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).

Serbia: Percent income earned by the top 10 percent of earners: The latest value from 2021 is 25.9 percent, a decline from 27.1 percent in 2020. In comparison, the world average is 27.53 percent, based on data from 71 countries. Historically, the average for Serbia from 2012 to 2021 is 27.18 percent. The minimum value, 25.4 percent, was reached in 2018 while the maximum of 29.2 percent was recorded in 2015.

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 labor participation rate among the total population aged between 15 and 64 in Serbia stood at 72.43 percent in 2024. Between 1990 and 2024, the labor participation rate rose by 7.4 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

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.

In 2024, the total population of Serbia was estimated at approximately 6.58 million people. Between 1999 and 2024, the figure dropped by around 960 thousand people, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the total population will steadily decline by about 290 thousand people from 2024 to 2030.This indicator describes the total population in the country at hand. This total population of the country consists of all persons falling within the scope of the census.

In 2023, the crude birth rate in live births per 1,000 inhabitants in Serbia stood at 9.2. Between 1960 and 2023, the figure dropped by 9.31, though the decline followed an uneven course rather than a steady trajectory.

In 2023, North Macedonia's monthly wages increased by over ** 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 **** percent in Serbia.

The share of urban population in Serbia was 57.11 percent in 2023. In a steady upward trend, the share rose by 28.05 percentage points from 1960.

In 2023, the infant mortality rate in deaths per 1,000 live births in Serbia was 4.5. Between 1984 and 2023, the figure dropped by 30.2, though the decline followed an uneven course rather than a steady trajectory.

Serbia: Income from natural resources, percent of GDP: The latest value from 2021 is 1.75 percent, an increase from 0.95 percent in 2020. In comparison, the world average is 6.83 percent, based on data from 186 countries. Historically, the average for Serbia from 1995 to 2021 is 1.45 percent. The minimum value, 0.2 percent, was reached in 1998 while the maximum of 3.35 percent was recorded in 2011.

The death rate in deaths per 1,000 inhabitants in Serbia stood at 14.7 in 2023. Between 1960 and 2023, the death rate rose by 5.77, though the increase followed an uneven trajectory rather than a consistent upward trend.

Annualized average growth rate in per capita real survey mean consumption or income, total population (%) in Serbia was reported at 7.77 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Serbia - Annualized average growth rate in per capita real survey mean consumption or income, total population - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.