The paper analyzes poverty in the context of the implementation of the first
Millennium Development Goal in Serbia. This analysis included the recommended
indicators for measuring the implementation of the three tasks within this goal, which is
related to the reduction of unemployment, reduction of poverty and eradication of hunger
in Serbia. Calculation of indicators involves the use of multiple sources of data: Labor
Force Survey, Household Budget Survey, Multiple Indicator Cluster Survey, Survey on
Income and Living Conditions. A particular advantage of this analysis is that puts Serbia
in a European context by comparing of certain indicators which indicates not only the
achievement of the first Millennium Goal but also on the overall development.