Wages in Serbia increased to 108013 RSD/Month in March from 103519 RSD/Month in February 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

Wages in Serbia increased 11.50 percent in March 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.

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.

In the Western Balkan region, Serbia recorded the highest average salary for ICT professionals in 2024, at 2,058 euros a month. North Macedonia ranked second with an average monthly salary of 1,512 euros.

Minimum Wages in Serbia increased to 619 EUR/Month in the second quarter of 2025 from 618.69 EUR/Month in the first 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 814 euros. Serbia and North Macedonia followed in the ranking, with 811 and 649 euros, respectively.

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.

In 2023, the unemployment rate in Serbia did not change in comparison to the previous year. The unemployment rate remained at 8.68 percent. The unemployment rate of a country or region refers to the share of the total workforce that is currently without work, but actively searching for employment. It does not include economically inactive persons, such as children, retirees, or the long-term unemployed.Find more key insights for the unemployment rate in countries like Montenegro and North Macedonia.

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.

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.

The crude birth rate in Serbia increased by 0.2 live births per 1,000 inhabitants (+2.2 percent) in 2022. With 9.3 live births per 1,000 inhabitants, the rate thereby reached its highest value in the observed period. The crude birth rate is the annual number of live births in a given population, expressed per 1,000 people. When looked at in unison with the crude death rate, the rate of natural increase can be determined.Find more statistics on other topics about Serbia with key insights such as death rate, total life expectancy at birth, and total fertility rate.

The labor participation rate among the total population aged between 15 and 64 in Serbia increased by 1.2 percentage points (+1.67 percent) compared to the previous year. Therefore, the labor participation rate in Serbia reached a peak in 2022 with 73.21 percent. The labor force participation rate refers to the share of the population aged 15 years and over who are economically active. Unemployed people actively searching for work are included, whereas the long-term unemployed (economically inactive) are not. It is calculated by dividing the total number of workers aged 15 and over by the total population aged 15 and over.Find more key insights for the labor participation rate among the total population aged between 15 and 64 in countries like Montenegro and Croatia.

In 2023, the youth unemployment rate in Serbia remained nearly unchanged at around 24.31 percent. The youth unemployment rate refers to the share of the workforce aged 15 to 24 that is currently not working but is actively searching for work. It does not include the economically inactive population, such as the long-term unemployed or full-time students.Find more key insights for the youth unemployment rate in countries like Bosnia and Herzegovina and Romania.

Serbia RS: Wage And Salaried Workers: Modeled ILO Estimate: Female: % of Female Employment data was reported at 73.307 % in 2017. This records a decrease from the previous number of 73.401 % for 2016. Serbia RS: Wage And Salaried Workers: Modeled ILO Estimate: Female: % of Female Employment data is updated yearly, averaging 73.076 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 79.646 % in 1993 and a record low of 66.005 % in 1991. Serbia RS: Wage And Salaried Workers: Modeled ILO Estimate: Female: % of Female 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.WDI: 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 September 2018.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

The total fertility rate in Serbia increased by 0.1 children per woman (+6.58 percent) in 2022 in comparison to the previous year. Therefore, the fertility rate in Serbia reached a peak in 2022 with 1.63 children per woman. The total fertility rate is the average number of children that a woman of childbearing age (generally considered 15 to 44 years) is expected to have throughout her reproductive years. Unlike birth rates, which are based on the actual number of live births in a given population, fertility rates are estimates (similar to life expectancy) that apply to a hypothetical woman, as they assume that current patterns in age-specific fertility will remain constant throughout her reproductive years.Find more statistics on other topics about Serbia with key insights such as death rate, crude birth rate, and total life expectancy at birth.

In 2022, the total life expectancy at birth in Serbia increased by 2.7 years (+3.71 percent) compared to 2021. In total, the life expectancy at birth amounted to 75.48 years in 2022. This increase was preceded by a declining life expectancy at birth.Life expectancy at birth refers to the number of years the average newborn is expected to live, providing that mortality patterns at the time of birth do not change thereafter.Find more statistics on other topics about Serbia with key insights such as total fertility rate, crude birth rate, and death rate.

The infant mortality rate in Serbia decreased to 4.4 deaths per 1,000 live births compared to the previous year. The infant mortality rate thereby reached its lowest value in recent years. The infant mortality rate is the number of newborns who do not survive past the first 12 months of life. This is generally expressed as a value per 1,000 live births, and also includes neonatal mortality (deaths within the first 28 days of life).Find more statistics on other topics about Serbia with key insights such as death rate, crude birth rate, and total fertility rate.

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 RS: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings data was reported at -1.258 USD bn in 2017. This records a decrease from the previous number of -854.408 USD mn for 2016. Serbia RS: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings data is updated yearly, averaging -443.603 USD mn from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 11.571 USD mn in 2010 and a record low of -1.258 USD bn in 2017. Serbia RS: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Serbia – Table RS.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation: Annual.