Labor Force Participation Rate in Serbia averaged 51.84 percent from 2008 until 2020, reaching an all time high of 55.50 percent in the third quarter of 2018 and a record low of 46.10 percent in the first quarter of 2012. This page provides - Serbia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Labor Force Participation Rate - values, historical data and charts - was last updated on May of 2021.
Labor Force Participation Rate in Serbia is expected to be 55.65 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Serbia to stand at 57.21 in 12 months time. In the long-term, the Serbia Labor Force Participation Rate is projected to trend around 57.61 percent in 2022 and 57.68 percent in 2023, according to our econometric models.