Statistical Release
Labour market - Salaries and wages
25.05.2021
Final data Periodicity: monthly Next publication date: 25.06.2021

Average salaries and wages per employee, March 2021

Average gross salaries and wages calculated for March 2021 amounted to 89 894 RSD, while average net salaries and wages amounted to 65 289 RSD.

Average gross salaries and wages calculated for March 2021 amounted to 89 894 RSD, while average net salaries and wages amounted to 65 289 RSD.

Increase of gross salaries and wages in the period January – March 2021, relative to the same period last year amounted to 7.1% in nominal terms, i.e. 5.6% in real terms. Simultaneously, net salaries and wages increased by 7.3% in nominal terms and by 5.8% in real terms.

Compared with the same month last year, average gross salaries and wages for March 2021 increased by 9.2% in nominal terms and by 7.3% in real terms, while average net salaries and wages increased by 9.4% in nominal terms and by 7.5% in real terms.

Median net salaries and wages for March 2021 amounted to 49 328 RSD, meaning that 50% of employees realised wages and salaries up to the mentioned amount.

1. Average salaries and wages
Republic of Serbia                                                                                                                                                                               RSD
  Gross Net
III 2021 I–III 2021 III 2021 I–III 2021
Total89894876116528963563
Salaries and wages of employees with indefinite or fixed-term employment contract90269879766558063846
Salaries and wages of employees in temporary and occasional employment60383580084230740635
Salaries and wages of employees at legal entities95788933836968067847
Salaries and wages of entrepreneurs and their employees48508467833445233262
Public sector100700996897240771697
Non-public sector85266824236224060069
2. Indices of salaries and wages
 
  Gross Net
III 2021
 II 2021
III 2021
Ø 2020
 III 2021
 III 2020
I–III 2021
I–III 2020
  III 2021
 II 2021
III 2021
Ø 2020
III 2021
III 2020
I–III 2021
I–III 2020
Nominal wage indices104.7108.3109.2107.1104.8108.7109.4107.3
Real wage indices104.2106.6107.3105.6104.3107.0107.5105.8

See more tables on this subject




Methodological explanations

Data source

The survey on salaries and wages is based on data from the Tax return as regards tax deduction (form PPP-PD). Average salaries and wages are calculated on the basis of amounts of computed salaries and wages for the referent month and number of employees, expressed as full-time equivalent – FTE.

Coverage

Included are all business entities that submitted completed electronic form to the Tax Administration, i.e. the form on tax report PPP-PD, with calculated salaries and wages.

Encompassed are all categories of employees for which employers, i.e. business entities delivered to the Tax Administration the completed electronic form on tax report PPP-PD, with calculated salaries and wages.

Definition of salaries and wages

In accordance with the Labour Law and Personal Income Tax Law, in the survey on salaries and wages, encompassed are all salaries and wages paid to employees and subject to taxes and contributions.

Salaries and wages comprise:

Salaries and wages are not considered to be payments under the service contract, sick-leave benefits longer than 30 days, compensation of public transport costs for commuting to and from work, for the time spent on business trip in the country and abroad, accommodation and food allowances during work and work in the field, retirement gratuity or benefits to those for whose work the need was terminated, one-time fees in accordance with the social program, compensation of funeral expenses and compensation for occupational disease or injury, jubilee prizes, solidarity aid, as well as other revenues not subject to taxes and contributions payment.

Starting from 1999 the Statistical Office of the Republic of Serbia has not at disposal and may not provide available certain data relative to AP Kosovo and Metohija and therefore these data are not included in the coverage for the Republic of Serbia (total).