Average salaries higher in May

NEWS 24.07.202013:29
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The average net salary in Serbia in May stood at 58,892 Dinars (1 Euro – 118 Dinars), the Republic Statistics Office (RZS) said on Friday.

According to the latest RZS data, the average gross salary stood at 81,464 Dinars.  

The RZS said that gross salaries in the January-May 2020 period were 9.1 percent higher nominally and 7.7 percent higher in real terms compared to the same period a year earlier while net salaries rose by nine percent nominally and 7.6 percent in real terms.  

The average gross salary in May this year compared to the same month a year earlier is 6.5 percent higher nominally and 5.8 percent higher in real terms while the average net salary is 6.3 percent higher nominally and 5.6 percent higher in real terms.  

The median net salary for May 2020 stood at 44,463 Dinars which means that 50 percent of the workforce earned up to that amount, the RZS said.