average consumer basket

Serbia’s wage growth faces challenges amid tax and economic inequalities

In December, Serbia's average net salary exceeded the value of the average consumer basket for the first time. However, despite progress in workers' incomes, Serbia still lags behind the European Union in labor costs. According to Eurostat, labor costs in Serbia are five times lower than the EU average. In Serbia, the average cost per employee per working hour is around 1,000 dinars (about 8 euros), compared to 33.5 euros in the EU and 37 euros in the Eurozone. However,…