Serbia
Slow recovery and tenuous political stability is the medium-term prospect. This means growth of around 3% on average in the medium run. A recovery of agriculture may push growth up this year, political support for the government may weaken and depress investment and growth in the medium run.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Population, 1000 persons | 7095 | 7058 | 7000 | . | . | . |
| GDP, real change in % | 0.8 | 2.8 | 1.9 | 2.8 | 2.8 | 2.8 |
| GDP per capita (EUR at PPP) | 10500 | 10700 | 10900 | . | . | . |
| Gross industrial production, real change in % | 8.4 | 4.7 | 3.5 | . | . | . |
| Unemployment rate - LFS, in %, average | 17.7 | 15.3 | 13.5 | 13.0 | 13.0 | 12.0 |
| Average gross monthly wages, EUR | 506 | 516 | 550 | . | . | . |
| Consumer prices, % p.a. | 1.4 | 1.1 | 3.0 | 3.0 | 3.0 | 4.0 |
| Fiscal balance in % of GDP | -3.7 | -1.3 | 1.2 | . | . | . |
| Public debt in % of GDP | 74.7 | 71.9 | 68.5 | . | . | . |
| Current account in % of GDP | -4.7 | -3.1 | -5.7 | -5.4 | -6.1 | -6.2 |
| FDI inflow, EUR mn | 2114 | 2127 | 2545 | . | . | . |
| Gross external debt in % of GDP | 78.3 | 76.5 | 69.9 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SERBIA: Slow recovery continues
Vladimir Gligorov
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 138-141
Details and Buy
Monthly Report No. 7-8/2017
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, August 2017
27 pages including 1 Table and 2 Figures