Hidden Economy Fact Sheet: Serbia

27ef7e75a2The current Hidden Economy Fact Sheet present SELDI’s key findings on the manifestations, causes and impacts of the hidden economy and undeclared labour in Serbia in 2016.

According to the research, working entirely in the formal sector as compared to the hidden economy earns significantly higher wages in Bosnia and Herzegovina, Albania and Turkey, slightly higher in Macedonia, Serbia and Montenegro and about the same or slightly lower in Kosovo and Bulgaria. However, sustained high-levels of the hidden economy in SEE, coupled with systemic petty corruption, low trust in public institutions, and in some cases ambiguous national identity, has resulted in change in tax morale and lower revenues for governments in the region.

Hidden Economy Fact Sheet for Serbia (Adobe PDF, 129 KB)

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