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.

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).

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.

The Gross Domestic Product per capita in Serbia was last recorded at 8575.55 US dollars in 2024. The GDP per Capita in Serbia is equivalent to 68 percent of the world's average. This dataset provides the latest reported value for - Serbia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus 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.

Adjusted net national income per capita (current US$) in Serbia was reported at 7432 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Serbia - Adjusted net national income per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population (%) in Serbia was reported at 10.5 % 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, bottom 40% of population - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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 June of 2025.

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: 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.

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.

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.

Adjusted net national income per capita (annual % growth) in Serbia was reported at 6.6938 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Serbia - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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 gross domestic product (GDP) per capita in Serbia was estimated at about 13.54 thousand U.S. dollars in 2024. Between 1999 and 2024, the GDP per capita rose by approximately 11.83 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 7.53 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Forecast: Wages and Salaries in Paper and Paperboard Articles by Enterprise Size Class in Serbia 2022 - 2026 Discover more data with ReportLinker!

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.

Serbia Household Avg Monthly Budget: Income data was reported at 60,764.000 RSD in Jun 2018. This records an increase from the previous number of 60,444.000 RSD for Mar 2018. Serbia Household Avg Monthly Budget: Income data is updated quarterly, averaging 49,105.000 RSD from Mar 2006 (Median) to Jun 2018, with 49 observations. The data reached an all-time high of 61,282.000 RSD in Dec 2017 and a record low of 30,659.000 RSD in Mar 2006. Serbia Household Avg Monthly Budget: Income 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.