Growth proved better than expected in 2016, at 2.7%. Looking ahead, it should approach 3% in the medium term. This is mainly because consumption – both private and public – will increase, now that fiscal consolidation is largely at an end; meanwhile investment and exports should continue to grow.
|Main Economic Indicators||2014||2015||2016||2017||2018||2019|
|Population, 1000 persons.||7132||7095||7000||.||.||.|
|GDP, real change in %||-1.8||0.8||2.7||2.8||3.0||3.3|
|GDP per capita (EUR at PPP)||10100||10500||11000||.||.||.|
|Gross industrial production, real change in %||-6.5||8.3||4.7||.||.||.|
|Unemployment rate - LFS, in %, average||18.9||17.7||16.1||15.0||14.0||14.0|
|Average gross monthly wages, EUR||524||506||516||.||.||.|
|Consumer prices, % p.a.||2.1||1.4||1.1||2.0||2.0||2.0|
|Fiscal balance in % of GDP||-6.6||-3.7||-3.0||.||.||.|
|Public debt in % of GDP||70.4||74.6||74.0||.||.||.|
|Current account in % of GDP||-6.0||-4.7||-5.0||-4.0||-4.0||-4.0|
|FDI inflow, EUR mn||1500||2114||1800||.||.||.|
|Gross external debt in % of GDP||77.1||78.8||79.1||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SERBIA: Recovery, finally
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 111-114 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, July-August 2016
25 pages including 1 Table and 1 Figure