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 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.
| 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).
| 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%.
