Macroeconomic balances are improving in terms of both the current account and fiscal deficits, while the rate of unemployment is dropping. The growth rate will pick up speed, attaining a level of 3% in the medium term. Prospects of the current government remaining in office for a full term are good.

map Serbia
Main Economic Indicators201420152016201720182019
Population, 1000 persons.713270957000...
GDP, real change in %-
GDP per capita (EUR at PPP)101001050011000...
Gross industrial production, real change in %-
Unemployment rate - LFS, in %, average18.917.716.115.014.0.
Average gross monthly wages, EUR524506516...
Consumer prices, % p.a.
Fiscal balance in % of GDP-6.6-3.7-3.0...
Public debt in % of GDP70.474.674.0...
Current account in % of GDP-6.0-4.7-5.0-5.0-5.0.
FDI inflow, EUR mn150021141800...
Gross external debt in % of GDP77.178.879.1...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


SERBIA: Fiscal adjustment with recovery

Vladimir Gligorov
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, , pp. 105-107
Details and Buy


Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure