Serbia's unemployment rate declined to 11.1 percent in the second quarter of 2021, from 12.8 percent in the previous three-month period, following the reopening of the economy from the coronavirus-induced restrictions. The number of unemployed people dropped by 11.9 percent to 352.0 thousand and employment rose by 4.0 percent to 2.83 million. The labor force participation rate was up 1.2 percentage points at 54.3 percent and the employment rate increased by 1.9 percentage points to 48.3 percent. source: Statistical Office of the Republic of Serbia
Unemployment Rate in Serbia averaged 15.94 percent from 2008 until 2021, reaching an all time high of 25.50 percent in the first quarter of 2012 and a record low of 7.90 percent in the second quarter of 2020. This page provides - Serbia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Unemployment Rate in Serbia is expected to be 10.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Unemployment Rate is projected to trend around 10.20 percent in 2022 and 8.20 percent in 2023, according to our econometric models.