net wages

Serbia’s Average Net Wage Reaches €1,026 as Real Earnings Gain 9.4%

Serbia’s average monthly net wage reached RSD 120,401 (€1,026) in June, with earnings continuing to increase significantly faster than inflation. Annual growth reached 12.4% in nominal terms and 9.4% in real terms, while average net earnings for the first six months stood at RSD 119,469, equivalent to roughly €1,018. Real wage growth over the six-month period was 8.4%. Second-quarter earnings and sector differences Average net earnings during the second quarter amounted to RSD 120,201. Employees in the public sector recorded…