MINIMUM AND AVERAGE SALARY IN SERBIA
Serbia is located in south-eastern Europe and the central part of the Balkan Peninsula. It borders with eight states and has no access to the sea. It has quite a comfortable climate, moderate prices and friendly people. Russians often visit this friendly country not only for employment or business, but also for tourism purposes.
Compared to more developed European countries, Serbia still faces a number of social and economic problems, which negatively affect the local labor market and the level of well-being of Serbs. For example, unemployment in Serbia today is around 9–10%, and among young people it reaches 25–30%. The employment rate is 50%, which means that some 480 thousand people are unemployed. Next, let's find out what salary in Serbia in 2023.
Minimum salary in Serbia
According to the decision of the Government of the Republic of Serbia, the minimum wage in the period from January to December 2023, excluding taxes and mandatory social security contributions, is 230 Serbian dinars per working hour (net) , which is equivalent to 2 U.S. dollars. Last year the rate was 201.22 dinars.
Depending on the number of working hours per month, the official minimum wage in Serbia in 2023 ranges from 49,399 to 57,274 dinars per month.
| Hours per month | Dinars per month (net) | Dollars per month (net) |
| 160 | 49,399 | 455 |
| 168 | 52,024 | 480 |
| 176 | 54 649 | 500 |
| 184 | 57,274 | 525 |
Average salary in Serbia
According to official data from the Serbian Statistical Office, before taxes the average salary in Serbia in 2023 is 114 228 dinars ($1,050) per month. After all deductions, a worker has 82,769 dinars ($760) at their disposal. In the public sector, the income is 119,079 dinars per month ($1,095), and in the private sector 109,423 dinars ($1,005).
The highest salaries in Serbia are earned by employees in Vračar municipality – 189,122 dinars per month ($1,740) before tax deductions, and the lowest in Bojnik (Jablanic county) – 77,212 dinars ($710). Among economic sectors, information and communication earn the most – 195,271 dinars per month ($1,790), and the lowest income is recorded in accommodation and food – 54,556 dinars ($500).
| Sector of economy | Dinars per month (gross) | USD per month (gross) |
| Information and communication | 270,719 | 2,490 |
| Financial and insurance activity | 169,500 | 1,560 |
| Mining | 166,427 | 1,530 |
| Professional, scientific and technical activity | 149,201 | 1,370 |
| Supply of electricity, gas, steam and air conditioning | 146,976 | 1,350 |
| Public administration and protection | 130,594 | 1,200 |
| Health care and social work | 120,906 | 1,110 |
| Real estate operations | 108,389 | 995 |
| Education | 104,858 | 965 |
| Administrative and support services | 103,637 | 955 |
| Water supply, sewerage and waste management | 99,350 | 915 |
| Manufacturing | 97,101 | 895 |
| Art, entertainment and leisure | 95,898 | 880 |
| Transportation and storage | 95,037 | 875 |
| Wholesale and retail | 95,026 | 875 |
| Fishing, agriculture and forestry | 91,556 | 840 |
| Accommodation and meals | 69,960 | 645 |
| Other services | 81,891 | 755 |
In conclusion, it should be noted that in 2023 Serbia has fixed income tax rates from 10% to 20%.
