Serbia is a country located in Southeast Europe and is an official member of the European Union. The country is known for its magnificent cuisine, impressive nature, vibrant nightlife, deep history, and diverse culture. utalk vize utalkserbi

Economic Situation in Serbia

Although the Serbian economy has not developed as rapidly as in other European countries, it has made significant progress with EU membership. The country has an upper-middle-income economy and operates within a structure determined by market forces. The economy relies on manufacturing, services, agriculture, and energy sectors supported by foreign investments.click here click here click here click here click here click here click here click here click here click here click here click here click here clink here

Salaries in Serbia

Job opportunities in Serbia vary, but salaries are generally lower compared to other European countries. For example, average monthly gross salaries in Serbia are as follows.

  • Nurse: $1,450
  • Pharmacist: $2,081
  • Teacher: $1,396
  • Chef: $1,535
  • CEO: $4,112
  • Waiter/Waitress: $1,145
  • Electrical Engineer: $1,872
  • Dentist: $4,318
  • Human Resources Manager: $2,528
  • Receptionist: $1,066
  • Sales Manager: $2,987
  • Civil Engineer: $1,635
  • Accountant: $1,203
  • Police Officer: $1,490
  • Architect: $1,747
  • Photographer: $1,198
  • Lawyer: $2,553
  • Mechanical Engineer: $1,838
  • Travel Agent: $1,562
  • Developer/Programmer: $1,570

The unemployment rate in Serbia is 9.50%, with youth unemployment reaching up to 24.40%. Many young people believe that the education system is inadequate in adapting to the needs of the labor market, resulting in unemployed youths lacking the necessary skills for the modern job market.

If you are considering working in Serbia, we recommend you start learning Serbian from now on. One of the most effective and easy ways to learn a language is through translation. You can click here to translate from Serbian to English.

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The Minimum Wage in Serbia 2023

The national minimum wage represents the minimum amount paid to employees for a specified period of time in a country, and it ensures that employers who pay below this amount are subject to legal penalties. The minimum wage is set by the government to protect workers from being employed at low wages and sudden salary cuts. As a foreigner, knowing your rights as an employee is an important way to avoid exploitation.

In Serbia, the monthly national minimum wage is set at gross 36,197.28 RSD ($343.20) and the hourly national minimum wage is 175 RSD ($1.66) gross or 130 RSD ($1.23) net. This minimum wage is paid to over 350,000 employees in Serbia.

These figures represent an approximately 11.1% increase from the previous year’s minimum wage of 27,022 RSD monthly and 155.3 RSD hourly. This change was made taking into account the demands of unions for a 24.5% increase and employers for a 6% increase. Since a mutual agreement could not be reached between unions and employers, the government decided on an 11.1% increase, which is seen as a fair compromise for both sides.

The government-mandated minimum wage applies to those working five days a week, eight hours a day, totaling forty hours. Despite having one of the lowest minimum wages in the EU, Serbia’s minimum wage has increased by 29.7% over the last three years and continues to grow steadily. However, it has been indicated in recent surveys that the country needs at least a 5% economic growth to be competitive with other EU countries.

Change in the Minimum Wage in Serbia Over the Years

The change in the minimum wage in Serbia over the years is provided in the following list. The data is sourced from Eurostat.

  • 2017 Serbian Minimum Wage: 253.1 Euros
  • 2018 Serbian Minimum Wage: 282.51 Euros
  • 2019 Serbian Minimum Wage: 308.41 Euros
  • 2020 Serbian Minimum Wage: 344.43 Euros
  • 2021 Serbian Minimum Wage: 366.13 Euros
  • 2022 Serbian Minimum Wage: 401.97 Euros
  • 2023 Serbian Minimum Wage: 460.57 Euros
  • 2024 Serbian Minimum Wage: 543.64 Euros