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.

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Serbia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.10 12.80 25.50 7.90 2008 - 2021 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 11:30 AM Q3 9.0% 7.3% 11.5%
2021-02-26 11:00 AM Q4 9.9% 9.0% 9.8%
2021-06-30 10:00 AM Q1 12.8% 10.7% 9.8%
2021-08-31 10:00 AM Q2 11.1% 12.8% 12.5%
2021-11-30 11:00 AM Q3 11.1% 10.9%


News Stream
Serbia Jobless Rate Falls in Q2
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.
2021-08-31
Serbia Jobless Rate Picks Up to 1-Year High of 9.9%
Serbia's unemployment rate rose to 9.9 percent in the fourth quarter of 2020 from 9.7 percent in the corresponding period of the previous year. It is the highest jobless rate since the second quarter of 2019, as the number of unemployed increased by 6.9 thousand to 321 thousand while employment declined by 17.4 thousand to 2.92 million. At the same time, the employment rate was unchanged at 49.7 percent while the activity rate went up by 0.1 percentage points to 55.1 percent. In the third quarter of 2020, the jobless rate was lower at 9 percent.
2021-02-26
Serbia Jobless Rate Falls to 9% in Q3
Serbia's unemployment rate fell to 9.0 percent in the third quarter of 2020, from 9.5 percent in the same period of the previous year, as the number of unemployed declined by 5.3 percent to 292 thousand, while employment levels edged down 0.1 percent to 2.94 million. At the same time, the employment rate increased by 0.2 percentage points to 49.9 percent, while the activity rate was unchanged at 54.8 percent.
2020-11-30

Serbia Unemployment Rate
In Serbia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.