Serbia

map Serbia
Firm government support and effective vaccine roll-out in the first half of the year have helped the Serbian economy offset the losses brought about by the pandemic. We are upgrading our GDP forecast for 2021 to 6.6%, from 6%. There are three issues that could potentially slow growth down in the coming period: the global problems in the automotive industry, the fiscal consolidation announced by the government and the recent political tensions in the region.
        FORECAST*
Main Economic Indicators201820192020202120222023
Population, 1000 persons698369456899...
GDP, real change in %4.54.3-0.96.64.64.5
GDP per capita (EUR at PPP)120301272012900...
Gross industrial production, real change in %1.30.30.4...
Unemployment rate - LFS, in %, average12.710.49.011.010.09.0
Average gross monthly wages, EUR580643706...
Consumer prices, % p.a.2.01.71.63.53.02.5
Fiscal balance in % of GDP0.6-0.2-8.1-3.0-2.5-2.0
Public debt in % of GDP54.452.857.8...
Current account in % of GDP-4.8-6.9-4.1-2.9-3.0-3.0
FDI inflow, EUR m346438153039...
Gross external debt in % of GDP62.261.465.8...


Basic data are continuously updated.

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

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Executive summary

Vasily Astrov
in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. I-VI
Details

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Monthly Report No. 7-8/2021

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 7-8, July-August 2021
42 pages including 4 Tables and 15 Figures

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