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First-quarter 2015 data came in with negative growth, -1.8 over the first quarter of 2014. Some recovery of investment, on the demand side, and recovery of industrial production, on the supply side, suggest that perhaps the growth rate will be zero for the year as a whole. Slow recovery in the medium run is likely as investment and exports should continue to grow.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||7201||7167||7132||.||.||.|
|GDP, real change in %||-1.0||2.6||-1.8||-0.1||0.9||1.3|
|GDP per capita (EUR at PPP)||9700||9900||9800||.||.||.|
|Gross industrial production, real change in %||-2.2||5.3||-6.5||.||.||.|
|Unemployment rate - LFS, in %, average||23.9||22.1||18.9||17.0||17.0||17.0|
|Average gross monthly wages, EUR||508||537||524||.||.||.|
|Consumer prices, % p.a.||7.8||7.8||2.9||3.0||3.0||3.0|
|Fiscal balance in % of GDP||-6.8||-5.5||-6.7||.||.||.|
|Public debt in % of GDP||56.2||59.6||71.0||.||.||.|
|Current account in % of GDP||-11.6||-6.1||-6.0||-6.0||-6.0||-6.0|
|FDI inflow, EUR mn||1009||1549||1501||.||.||.|
|Gross external debt in % of GDP||80.9||75.1||78.4||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures
SERBIA: Fiscal consolidation starts
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 95-97 Details and Buy