Statistical Release
Labour market - Salaries and wages
24.05.2024
Final data Periodicity: monthly Next publication date: 25.06.2024

Average salaries and wages per employee, March 2024

Average gross salaries and wages calculated for March 2024 amounted to 133 373 RSD, while average net salaries and wages amounted to 96 913 RSD.

Average gross salaries and wages calculated for March 2024 amounted to 133 373 RSD, while average net salaries and wages amounted to 96 913 RSD.

Increase of gross salaries and wages, in the period January-March 2024, relative to the same period last year amounted to 15.0% in nominal terms, i.e. 8.8% in real terms, while average net salaries and wages increased by 14.9% in nominal terms and by 8.7% in real terms.

Compared with the same month last year, average gross salaries and wages for March 2024 increased by 13.3% in nominal terms and by 7.9% in real terms, while average net salaries and wages increased by 13.4% in nominal terms and by 8.0% in real terms.

Median net salaries and wages for March 2024 amounted to 72 979 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 2024 I–III 2024 III 2024 I–III 2024
Total1333731318939691395625
Salaries and wages of employees with indefinite or fixed-term employment contract1339531324239735896030
Salaries and wages of employees in temporary and occasional employment81351818635697957339
Salaries and wages of employees at legal entities142273140452103531101969
Salaries and wages of entrepreneurs and their employees68806697014889949532
Public sector1374191386759882599707
Non-public sector1317401291539614193976
2. Indices of salaries and wages
 
  Gross Net
III 2024
 II 2024
III 2024
Ø 2023
 III 2024
 III 2023
I–III 2024
I–III 2023
  III 2024
 II 2024
III 2024
Ø 2023
III 2024
III 2023
I–III 2024
I–III 2023
Nominal wage indices102.6112.5113.3115.0103.0112.7113.4114.9
Real wage indices102.3109.0107.9108.8102.7109.2108.0108.7

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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).