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.

Salary in Serbia

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 10%, and among young people it reaches 25%. The employment rate is 49.2%, which means that some 334 thousand people are unemployed. Next, let's find out what salary in Serbia in 2020.

Minimum salary in Serbia

According to the decision of the Government of the Republic of Serbia of September 13, 2019, the minimum wage in the period from January to December 2020, excluding taxes and mandatory social security contributions, is 172.54 (net) Serbian dinars per working hour, which is equivalent to 1.6 U.S. dollars. Last year the rate was 155.33 dinars.

Depending on the number of working hours per month, the official minimum wage in Serbia in 2020 ranges from 27,606.4 to 31,747.36 dinars per month.

MINIMUM WAGE IN SERBIA

Hours per month Dinars per month (net) Dollars per month (net)
160 27,606.4 235
168 28,986.72 245
176 30,367.04 255
184 31,747.36 270

Average salary in Serbia

According to the official data of the Serbian Department of Statistics, before taxes, the average salary in Serbia in 2020 is 78,747 dinars per month ($715). After all deductions, the employee has 57,058 dinars ($520) at his disposal. In the public sector, the income is 88,734 dinars per month ($805), while in the private sector it is 74,206 dinars ($675).

The highest salaries in Serbia are paid to the employees of the Belgrade region – 93,837 dinars (850 dollars) per month, and the lowest in Jablanica region – 58,597 dinars (530 dollars). Among the branches of economy, the highest salaries are in the field of information and communication – 136,066 dinars per month (1,235 dollars), while the lowest salaries are in the field of accommodation and catering – 48,973 dinars (445 dollars).

SALARY IN SERBIA BY SECTOR OF ECONOMY

Sector of economy Dinars per month (gross/net) USD per month (gross/net)
Information and communication 136,066/99,342 1,235/900
Financial and insurance activity 134,134/97,132 1,220/880
Supply of electricity, gas, steam and air conditioning 129,546/92,905 1,175/845
Mining 126,261/91,325 1,145/830
Professional, scientific and technical activity 98,797/71,691 895/650
Public administration and protection 94,360/67,669 855/615
Education 82,105/59 134,745/535
Health care and social work 80,929/58,272 735/530
Real estate operations 78,589/57,276 715/520
Production 70,815/51,376 645/465
Transportation and storage 70,306/51,327 640/465
Administrative and support services 69,132/50,139 630/455
Fishing, agriculture and forestry 67,543/48,948 615/445
Water supply, sewerage and waste management 66,659/48,305 605/440
Wholesale and retail 66,215/48,237 600/440
Art, entertainment and leisure 65,527/47,520 595/430
Accommodation and meals 48,973/35,567 445/325
Other services 59,196/42,728 540/390

In conclusion, it should be noted that in 2020 Serbia has fixed income tax rates from 10% to 20%.

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