Living Standards Measurements Study - Serbia 2002 - 2007

Aggregate income does not contain revenues
from the sale of shares, residential and business area,
land, cars, agricultural machines, etc.
Imputed rent and amortization/depreciation of
permanent assets comprise the value of the imputed
rent for the owners of apartments/houses and the
value of amortization/depreciation of permanent
assets.
2.3. The structure of income
The monthly income of an average household in
Serbia in 2007 amounts to 43 569 dinars. The largest
share in the total household income is attributed to
earnings from employment - 49.4 percent, to be
followed by pensions that account for 20.9 percent. A
considerably larger share of income (earnings) from
employment in total income is recorded in urban
households - 56.4 percent, as compared to
households in other areas where such a share
accounts for 38.2 percent. Comparing the income
structures of urban and other households, it is notable
that the contribution of pensions is also significantly
higher in urban households - 23.2 percent.
Income from agriculture and in kind income
are expected to have a substantially higher share in
the income of the households in other areas – 14.9
percent and 13.3 percent, respectively, which
mostly deal with agricultural production (farms). In
aggregate, these revenues account for almost one
third of the entire income of the households in other
areas and have almost a double share in the total
income of an average Serbian household. Likewise,
the cash receipts that these households receive from
abroad usually have a considerable share in their
income.
If we analyze the household income structure as
described in the HBS 2006, (taking into account the
methodological differences between these two
surveys), we can see that the largest share in total
income is recorded in the earnings from employment,
followed by pensions. The structure of total income
of the households in urban and other areas also shows
the same results as in LSMS 2007.
Taking into account the amount of average
income and its structure per territory, it can be
concluded that the highest average income is
recorded in households in the City of Belgrade –
47 787 dinars, (9.7 percent higher than the Serbian
average), while the lowest income is characteristic
for the households in the South-East Serbia –
38 938 dinars (10.6 percent lower than the average).
The characteristic of household income in the
City of Belgrade is that its largest share comes from
earnings from employment – 58.7 percent, which is
considerably higher than the comparable share as
far as the households in East Serbia are concerned
(40.9 percent).
Table 2.1. Average monthly income and household income structure in Serbia, 2007
Total
Average income in dinars
Urban
areas
Other
areas
Total
Structure in percent
Urban
area
Other
areas
Total 43 569 44 041 42 859 100.0 100.0 100.0
Earnings from employment 21 480 24 902 16 340 49.4 56.4 38.2
Pensions (old-age, family, disability) 9 092 10 205 7 423 20.9 23.2 17.3
Benefits from social insurance 933 837 1 078 2.1 1.9 2.5
Cash receipts from abroad 887 560 1 377 2.0 1.3 3.2
Income from agriculture 2 980 717 6 376 6.8 1.6 14.9
Income in kind 3 227 1 567 5 719 7.4 3.6 13.3
Other income 1 217 1 440 882 2.8 3.3 2.1
Imputed rent and amort./deprec. of
permanent assets
3 753 3 813 3 664 8.6 8.7 8.5
Income and expenditure
31