Serbia’s unemployment rate stood at 8.6% in the fourth quarter of 2024, with 273,100 unemployed individuals, according to data from the Republic Statistical Office. Meanwhile, the number of employed persons reached 2,894,900, reflecting an employment rate of 51.4%.
The Labor Force Survey also showed that 2,462,200 people were outside the labor force, representing 43.7% of the working-age population. Compared to the same period in the previous year, the number of employed individuals increased by 50,700, while unemployment decreased by 11,600, and the population outside the labor force dropped by 65,300. The employment rate rose by 1.1 percentage points, and the unemployment rate fell by 0.5 percentage points, while the share of the population outside the labor force declined by one percentage point.
However, compared to the third quarter of 2024, employment dropped by 28,600, the number of unemployed grew by 16,000, and the population outside the labor force increased by 6,300 individuals.
Informal employment in Serbia accounted for 11.9% of total employment, with the agricultural sector seeing a high informal employment rate of 48.5%, compared to 6.8% in non-agricultural sectors.
