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Serbia’s average salaries rise by 14.2% in 2024: Gross and net salary increases

The average salary (gross) calculated for December 2024 was 148,428 dinars, while the average salary without taxes and contributions (net) was 108,312 dinars. The growth of gross salaries in the period from January to December 2024 compared to the same period last year was 14.2% nominally, or 9.2% in real terms, while the average net salary increased by 14.1% nominally, or 9.1% in real terms.

Compared to the same month of the previous year, the average gross salary for December 2024 was nominally higher by 13.8%, and real growth was 9.1%. The average net salary was nominally higher by 13.9%, and in real terms, it increased by 9.2%.

The median net salary for December 2024 was 79,624 dinars, meaning that 50% of employees earned up to this amount, according to data from the Republic Institute of Statistics.

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