Common wage and value of dwelling enhance in Serbia

The typical web wage in Serbia has elevated by round 10 p.c in a single 12 months, however the share of foods and drinks in private consumption continues to be round 34 p.c, whereas electrical energy costs and taxes landholdings are greater.

“A 3rd of the Serbian inhabitants continues to be socially at risk and, though robust state measures are taken, a big a part of the employees will lose their jobs completely. They don’t seem to be solely workers of tourism and catering, but in addition different sectors of the economic system. Serbia, together with different nations, are paying the value for the pandemic and its penalties, such because the relocation of manufacturing, costlier transport, which is able to absolutely be mirrored within the costs, ”says agro-economic analyst Vojislav Stanković.

Finance Minister Siniša Mali not too long ago wrote on his Instagram profile that the common wage in Serbia in December final 12 months was 5,000 dinars greater than in November.

“The typical wage in our nation in December 2020 was 562 euros or 66,092 dinars. Which means in comparison with November 2020 (60,926 dinars), the common web wage has elevated by greater than 5,000 dinars ”, specified the Minister.

He additionally in contrast December 2020 and December 2019, stating that the common wage in Serbia elevated by 6,370 dinars or 10.6%.

Nonetheless, Stanković believes that the expansion in spending on utilities has actually eradicated this distinction and that extra is spent on meals and non-alcoholic drinks in Serbia than in the remainder of Europe.

“No matter these figures, the share of foods and drinks in private consumption in Serbia continues to be round 34%. Though we spend 10% much less on foods and drinks than our Western European counterparts, we proceed to stagnate and nonetheless have the best spending on meals and non-alcoholic drinks. Statistics do not file all the pieces, however the price of dwelling has elevated dramatically. The value of meat, fruits and different meals merchandise has elevated. Households at the moment are spending extra on varied payments, electrical energy and property tax, ”says Stanković and provides that many of the household funds continues to be spent on meals. He estimates that each day round 2.5 euros are spent on groceries per capita in Serbia.

In line with statistical information, the common wage elevated by 9.2% in actual phrases, which is anticipated as a result of the minimal worth of labor and the wages of civil servants additionally elevated throughout this era.

Sasa Djogovic, economist and creator of “Macroeconomic Tendencies in Serbia”, says one-off wage will increase within the public sector have contributed to stronger wage progress. This could imply that there was a ahead evolution of the buying energy of the inhabitants.

Nonetheless, the general statistical image reveals no vital enchancment in dwelling requirements. He provides that the median web wage in December was 48,676 dinars, which signifies that half of the staff earned as much as that quantity.

In line with information from the Nationwide Statistics Workplace, the median web wage in December of final 12 months was 66,092 dinars. Final 12 months, the expansion of gross wages in comparison with the identical interval in 2019 was 9.5% in nominal phrases, or 7.8% in actual phrases, whereas on the similar time, web wages elevated by 9.4% in nominal phrases and seven.7% in actual phrases. .

(Politika, 04.03.2021)

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