Serbia: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 155.7
 Reference Q4 2023
 Measure index points
 Data availability Q1 2011 - Q4 2023
 Average 96.37
 Min - Max 68.9 - 155.7
 Source Statistical Office of the Republic of Serbia
For that indicator, we provide data for Serbia from Q1 2011 to Q4 2023. The average value for Serbia during that period was 96.37 index points with a minimum of 68.9 index points in Q1 2011 and a maximum of 155.7 index points in Q4 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series

Recent values chart
Serbia - Labor cost - recent values

Historical chart
Serbia - Labor cost - historical chart - 2011-2023
Measure: index points
Source: Statistical Office of the Republic of Serbia

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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest value Reference Measure
 Labor force 3.22 2022 million people
 Unemployment rate 8.68 2022 percent
 Female unemployment 10.39 2022 percent
 Male unemployment 8.71 2022 percent
 Youth unemployment 21.48 2023 percent
 Labor force participation 58.95 2023 percent
 Labor force: percent female 45.29 2022 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 Q3/2023 million employed people
 Unemployment rate 9.00 Q3/2023 percent
 Labor cost 152.30 Q3/2023 index points
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