Unemployment in Serbia

Serbia Unemployment | Economic News & Forecasts

Serbia - Unemployment

The economy should have shrunk at a softer pace in the third quarter amid the reopening of economies. Industrial production swung from a notable contraction in the second quarter to a solid expansion in the third. Moreover, retail sales grew at a solid pace in July–September, contrasting Q2’s drop. On the external front, merchandise exports continued to contract in the first two months of Q3, although at a noticeably softer pace compared to Q2. Similarly, the drop in tourist arrivals in July–August was less severe than the fall seen in the prior quarter. Meanwhile, a new government was installed on 29 October, but President Aleksandar Vucic stated in mid-October that a snap election would be held by 3 April 2022 at the latest. The new government will work towards EU membership, while strengthening the health care system and the economy in the wake of Covid-19.

Serbia - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate17.7  15.3  13.5  12.7  10.4  

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Serbia Unemployment Chart

Serbia Unemployment
Note: Unemployment as % of active population (aop).
Source: Statistical Office

Serbia Facts

Value Change Date
Bond Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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