Žagubica (Serbian Cyrillic: Жагубица, pronounced [ʒǎɡubitsa]; Romanian: Jagubița or Jăgobița) is a village and municipality located in the Braničevo District of the eastern Serbia.

That year, there were 23 cloth tailors (abadžija) in Žagubica and its vicinity, 20 blacksmiths, and a number of furriers (ćurčija), tinsmiths, coppersmiths, gunsmiths, coopers.

They produced their own clothes, wooden household items and furniture, tools, agricultural utensils, etc.

Rural population was at odds with the town's one, as reported by the 1883 communique of the Homolje District Administration: "peasantry in the district is opposing the shops because of the bad influence on the youth's moral which steals food from their houses so that they would acquire cheap, unnecessary merchandise from the shop owners.

Žagubica was one of the rare towns in Serbia which neglected this prohibition, so the production of the footwear never lift off, despite constant protests from the craftsmen against the shops.

After the Battle of Kosovo in 1389, Lazar's widow Princess Milica and their two underage sons, Stefan and Vuk, spent some time in the monastery.

It is unusual stone edifice, built into the rock and walled with ramparts, overlooking the monastery.

The ethnic groups in the Žagubica municipality include (2011 census): The following table gives a preview of the total number of employed people per their core activity (as of 2017):[5] There are numerous festivals in the surrounding area throughout the year.