The average net salary for the same month was 69,136 RSD (USD 668) per month. Average Net Salary and Gross SalaryĪccording to the Statistical Office of the Republic of Serbia, the average gross salary in November 2021 amounted to 95,312 RSD (USD 920) per month. The actual maximum salary or minimum salary can differ depending on factors like job type, experience, location, etc. Note: These wages only indicate the average salary earned by Serbian employees. The average salary in Serbia ranges from the average lowest salary of 43040.08 RSD per month (USD 342) to an average of 626,000 RSD per month (USD 6025.) on the higher end. Usually, a country’s economic development is directly proportional to the number of people earning more than the median salary. It means that 50% of the Serbian population earns less than 137,000 RSD per month while the other half earns more than 137,000 RSD. It’s calculated by arranging all the given salaries in ascending or descending order and choosing the middle salary value. The median salary is the ‘midpoint’ within a salary range. In Serbia, the median salary is 137,000 RSD per month (USD 1319.) This is why it’s a good idea to look at average earnings in Serbia from different perspectives. In addition to the average salary, other indicators such as the minimum salary, median salary, and annual increments can offer insightful data to an employer planning to invest in Southeastern Europe. However, several third-party surveys also collect salary data from employees to calculate the average salaries in Serbia. Note: The Statistical Office of The Republic of Serbia generally calculates the average salaries and wages based on tax administration data. This amounts to USD 16170 or 14283.5 EUR (Euro) per year as per the exchange rates in February 2022. Let’s dive in! What is the Average Salary in Serbia?Īccording to, a person working in Serbia typically earns 140,000 RSD per month or 1,680,000 RSD per year. (Click on the link below to jump to specific sections) We’ll also look at four key benefits of outsourcing your business to this country. In this article, we’ll explore the key statistics around the average salary in Serbia, the annual increment rate, and the minimum wage. However, Serbian wages tend to be lower than other developed countries like the United Kingdom (USD 8,044) and the United States (USD 7,900), making it an excellent outsourcing destination. These approximate average salary figures depend on several factors such as industry, experience, job type, education, etc. This amounts to USD 1347.5 per month (as per the exchange rate in February 2022). The average monthly salary in this country is around 140,000 RSD (Serbian Dinar). The Republic of Serbia is a Balkan nation located in Southeast Europe.
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