Real versus nominal value

BELGRADE - The Serbian average net monthly wage in October was 86,738 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 119,791 dinars.

Average gross and net wages between January and October were up by 15.0 pct y-o-y in nominal terms and by 1.4 pct y-o-y in real terms.

BELGRADE - The Serbian average net monthly wage in August was 86,112 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 118,918 dinars.

Average gross and net wages between January and August were up by 15.2 pct y-o-y in nominal terms and by 0.7 pct y-o-y in real terms.

BELGRADE - The Serbian average net monthly wage in July was 83,781 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 115,664 dinars.

Average gross and net wages in January-July were up by 15.3 pct y-o-y in nominal terms and by 0.3 pct y-o-y in real terms.

BELGRADE - The Serbian average net monthly wage in May was 86,220 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 118,992 dinars.

Average gross and net wages in January-May were up by 15.5 pct y-o-y in nominal terms and down by 0.1 pct y-o-y in real terms.

BELGRADE - The Serbian average net monthly wage in February was 81,359 dinars, while the average gross wage was 112,212 dinars, according to figures released by the national statistical office RZS.

Average gross and net wages in February were up by 15.2 pct y-o-y in nominal terms and down by 0.8 pct y-o-y in real terms compared to last year.

BELGRADE - The Serbian average net monthly wage in January was 82,769 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 114,228 dinars.

Compared to 2022, average gross and net wages in January were up by 16.7 pct in nominal terms and by 0.8 pct in real terms.

BELGRADE - The Serbian average net monthly wage in November was 78,326 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 108,001 dinars.

Gross and net wages in the period between January and November were up by 13.9 pct y-o-y in nominal terms and by 2 pct y-o-y in real terms.

Against the background of inflation affecting European countries, minimum wage workers in 15 out of 21 Member States with statutory minimum wages registered a decline in their wages in real terms between 1 January 2021 and 1 January 2022. This was despite comparatively large increases in nominal rates in the EU during the period.

Public Finance Minister Florin Citu says that his objective is to minimize the negative impact of the global economic crisis on Romania's economy, and that the best measures to this effect have been taken so far, a fact confirmed by official data. "The real economy proves me right! We have taken the best measures for the economy and this is confirmed by official data.

The average net nominal wage stood at 3,082 lei (rd 648 euro) in September this year, up from the previous month by 38 lei (1.2pct) and the highest values were registered in information technology services activities (including activities of IT service activities) - 7,108 lei, according to data published on Thursday by the National Institute of Statistics (INS).