Serbia: Unemployment rate

* indicates monthly or quarterly data series
 Serbia

Unemployment rate

 Latest value 8.68
 Year 2023
 Measure percent
 Data availability 1991 - 2023
 Average 15.08
 Min - Max 8.68 - 24.00
 Source The World Bank
The latest value from 2023 is 8.68 percent, unchanged from 8.68 percent in 2022. In comparison, the world average is 6.99 percent, based on data from 178 countries. Historically, the average for Serbia from 1991 to 2023 is 15.08 percent. The minimum value, 8.68 percent, was reached in 2022 while the maximum of 24 percent was recorded in 2012. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Serbia - Unemployment rate - Recent values chart

Historical series
Serbia - Unemployment rate - historical chart - 1991-2023




The unemployment rate in Serbia and other countries is defined as the number of unemployed people as percent of the labor force. The labor force includes the people who are either employed or unemployed, i.e. who don't have a job but are actively looking for one. The labor force does not include people who are not looking for work, children, and the retired.

The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.
Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

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 Related indicators Latest Reference Measure
 Labor force 3.33 2023 million people
 Unemployment rate 8.68 2023 percent
 Female unemployment 8.98 2023 percent
 Male unemployment 8.44 2023 percent
 Youth unemployment 24.31 2023 percent
 Labor force participation 58.95 2023 percent
 Labor force: percent female 45.52 2023 percent
 Female labor force participation 50.93 2023 percent
 Male labor force participation 67.87 2023 percent
 Self-employment 26.94 2022 percent
 Informal employment 17.00 2020 percent
 Employment 2.88 Q2/2024 million employed people
 Unemployment rate 8.10 Q3/2024 percent
 Labor cost 168.80 Q2/2024 index points
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