Slow recovery in tandem with investment and export growth is to be expected over the medium term. Growth over the next three years or so should reach 2% or slightly more, if the fiscal consolidation programme and structural reforms are put into effect. Industrial production, in particular manufacturing, should grow, as should certain exportable services. Growth in wages and consumption, however, should be only relatively slow.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||7167||7132||7095||.||.||.|
|GDP, real change in %||2.6||-1.8||0.7||1.9||2.3||2.5|
|GDP per capita (EUR at PPP)||10100||10200||10600||.||.||.|
|Gross industrial production, real change in %||5.4||-6.4||8.2||.||.||.|
|Unemployment rate - LFS, in %, average||22.1||18.9||17.7||17.0||17.0||16.0|
|Average gross monthly wages, EUR||537||524||506||.||.||.|
|Consumer prices, % p.a.||7.8||2.9||1.9||2.0||3.0||3.0|
|Fiscal balance in % of GDP||-5.5||-6.6||-3.8||.||.||.|
|Public debt in % of GDP||59.6||70.4||76.0||.||.||.|
|Current account in % of GDP||-6.1||-6.0||-4.8||-6.0||-6.0||-6.0|
|FDI inflow, EUR mn||1548||1500||2114||.||.||.|
|Gross external debt in % of GDP||74.8||77.1||80.2||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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, July-August 2016
25 pages including 1 Table and 1 Figure
SERBIA: Early elections and reforms
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 117-120 Details and Buy