Serbia Real Net Wage Falls in March
Serbia's average net wage fell by a real 1.5% year-on-year in March, following a 0.8% annual decline in February, the Belgrade-based Serbian Statistical Office (RBS) said in a statement.
On a monthly comparison basis, the average net wage went up by 4.2% in real terms in March, after decreasing by 3.1% in February.
In nominal terms, the average net wage totaled RSD 85,485 (EUR 729) in March. The average gross salaries and wages calculated for March amounted to RSD 117,669 (EUR 1,003).
Median net salaries and wages for March amounted to RSD 64,363 (EUR 549), meaning that 50% of employees realized wages and salaries up to the mentioned amount.
Gross salaries and wages and net salaries and wages in the first quarter of 2023, relative to the same period last year increased by 15.5% in nominal terms, and decreased by 0.4% in real terms.
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