Serbia
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.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Population, 1000 persons. | 7132 | 7095 | 7076 | . | . | . |
| GDP, real change in % | -1.8 | 0.8 | 2.8 | 2.8 | 3.0 | 3.3 |
| GDP per capita (EUR at PPP) | 10100 | 10500 | 10900 | . | . | . |
| Gross industrial production, real change in % | -6.5 | 8.3 | 4.7 | . | . | . |
| Unemployment rate - LFS, in %, average | 18.9 | 17.7 | 15.3 | 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 | -1.3 | . | . | . |
| Public debt in % of GDP | 70.4 | 74.6 | 74.0 | . | . | . |
| Current account in % of GDP | -6.0 | -4.7 | -4.0 | -4.0 | -4.0 | -4.0 |
| FDI inflow, EUR mn | 1500 | 2114 | 2080 | . | . | . |
| Gross external debt in % of GDP | 77.1 | 78.3 | 77.9 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 6/2017
Vasily Astrov, Pëllumb Collaku, Mahdi Ghodsi and Leon Podkaminer
wiiw Monthly Report No. 6, June 2017
47 pages including 4 Tables and 21 Figures
SERBIA: Recovery, finally
Vladimir Gligorov
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 111-114
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