If there is no sustained recovery of investments, which stand at just around 18% of GDP now, growth cannot speed up too much in the medium term. It should rise to around 2.5% in 2018, and probably some more in 2019. But growth rates above 3%, which are certainly within the economy’s potential, can be contemplated only beyond that period.

map Serbia
Main Economic Indicators201420152016201720182019
Population, 1000 persons713270957058...
GDP, real change in %-
GDP per capita (EUR at PPP)101001050010700...
Gross industrial production, real change in %-
Unemployment rate - LFS, in %, average18.917.715.315.014.014.0
Average gross monthly wages, EUR524506516...
Consumer prices, % p.a.
Fiscal balance in % of GDP-6.6-3.7-1.3...
Public debt in % of GDP70.474.771.9...
Current account in % of GDP-6.0-4.7-3.1-4.2-4.5-5.0
FDI inflow, EUR mn150021142127...
Gross external debt in % of GDP77.178.376.5...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


SERBIA: Slowdown and confusion

Vladimir Gligorov
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 111-114
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, July-August 2017
27 pages including 1 Table and 2 Figures