Compensation of employees (current LCU) in Serbia
Serbia: Compensation of employees (current LCU) was 443.02 billion current LCU in 2022. ▲ Rising
Compensation of employees in Serbia, 2007–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, compensation of employees in Serbia stood at 443.02 billion current LCU. That is the highest value across all 16 years on record.
The figure is up 8.3% on the previous year and up 24.0% over ten years.
Over the whole period, compensation of employees in Serbia peaked at 443.02 billion current LCU in 2022 and was at its lowest, 228.17 billion current LCU, in 2007.
Serbia ranks 46th of 156 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Compensation of employees (current LCU) in Serbia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2007 | 228.17 billion current LCU | — |
| 2008 | 278.73 billion current LCU | +22.2% |
| 2009 | 287.26 billion current LCU | +3.1% |
| 2010 | 295.32 billion current LCU | +2.8% |
| 2011 | 327.89 billion current LCU | +11.0% |
| 2012 | 357.42 billion current LCU | +9.0% |
| 2013 | 264.33 billion current LCU | -26.0% |
| 2014 | 267.42 billion current LCU | +1.2% |
| 2015 | 253.97 billion current LCU | -5.0% |
| 2016 | 261.13 billion current LCU | +2.8% |
| 2017 | 270.15 billion current LCU | +3.5% |
| 2018 | 298.70 billion current LCU | +10.6% |
| 2019 | 336.93 billion current LCU | +12.8% |
| 2020 | 383.62 billion current LCU | +13.9% |
| 2021 | 409.03 billion current LCU | +6.6% |
| 2022 | 443.02 billion current LCU | +8.3% |
Serbia compared with similar countries
- Serbia's 443.02 billion current LCU is above the median for upper middle income countries, which is 95.94 billion current LCU, 4.6× the median. (47 countries reporting)
- Serbia's 443.02 billion current LCU is above the median for Europe & Central Asia, which is 31.50 billion current LCU, 14.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 264.72 billion current LCU | 228.17 billion current LCU | 287.26 billion current LCU | 3 |
| 2010s | 293.33 billion current LCU | 253.97 billion current LCU | 357.42 billion current LCU | 10 |
| 2020s | 411.89 billion current LCU | 383.62 billion current LCU | 443.02 billion current LCU | 3 |
Countries ranked near Serbia
More public sector data for Serbia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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- Arms imports 146.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 23.23 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0017 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -63.48 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Serbia?
- Compensation of employees in Serbia was 443.02 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Serbia?
- The highest recorded value was 443.02 billion current LCU in 2022.
- What is the lowest compensation of employees recorded in Serbia?
- The lowest recorded value was 228.17 billion current LCU in 2007.
- How does Serbia rank for compensation of employees?
- Serbia ranks 46th out of 156 countries with data for 2022.
- Is compensation of employees rising or falling in Serbia?
- Over the last ten years it is up 24.0%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.