Last year delivered a recovery in GDP growth, early estimate 2.4%, which can be attributed to the full rebound of agricultural production and the start of Fiat’s production and export of cars. This and the next couple of years will see a slowdown of growth, with probably slight recession in 2014 and a speed-up to not more than 2% in the medium term, due to the disappearance of these one-time effects. Inflation is decelerating and positive employment effects cannot be expected.

map Serbia
Main Economic Indicators201120122013201420152016
Population, 1000 persons.723471997182...
GDP, real change in %1.6-1.52.5-
GDP per capita (EUR at PPP)890090009200...
Gross industrial production, real change in %2.5-2.26.3...
Unemployment rate - LFS, in %, average23.023.923.624.023.023.0
Average gross monthly wages, EUR517508537...
Consumer prices, % p.a.
Fiscal balance in % of GDP-4.9-6.5-4.8...
Public debt in % of GDP48.559.862.2...
Current account in % of GDP-9.1-10.7-5.0-6.0-6.0-6.0
FDI inflow, EUR mn1949284779...
Gross external debt in % of GDP76.786.981.3...

Basic data are continuously updated.

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


SERBIA: Early elections, then reforms

Vladimir Gligorov
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 81-82
Details and Buy


Monthly Report No. 11/2013

Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables