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 Indicators201320142015201620172018
Population, 1000 persons.716771327095...
GDP, real change in %2.6-
GDP per capita (EUR at PPP)101001020010500...
Gross industrial production, real change in %5.4-6.48.2...
Unemployment rate - LFS, in %, average22.118.917.715.015.014.0
Average gross monthly wages, EUR537524506...
Consumer prices, % p.a.
Fiscal balance in % of GDP-5.5-6.6-3.7...
Public debt in % of GDP59.670.474.6...
Current account in % of GDP-6.1-6.0-4.7-4.0-5.0-5.0
FDI inflow, EUR mn154815002114...
Gross external debt in % of GDP74.877.178.8...

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