The economy is recovering, helped by stronger private consumption, investment and exports. Agriculture should pick up after a bad 2017, while sovereign ratings upgrades have bolstered sentiment. A focus on attracting more FDI will keep the government focused on domestic stability and gradually improved international relations. The announcement of a 2025 target date for EU accession is probably too ambitious, but could serve as a strong incentive for further reforms.

map Serbia
Main Economic Indicators201520162017201820192020
Population, 1000 persons709570587021...
GDP, real change in %
GDP per capita (EUR at PPP)112001130011700...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average17.715.213.613.013.012.0
Average gross monthly wages, EUR506516544...
Consumer prices, % p.a.
Fiscal balance in % of GDP-3.5-1.21.1...
Public debt in % of GDP70.067.857.9...
Current account in % of GDP-3.5-2.9-5.3-5.0-5.1-5.1
FDI inflow, EUR mn211421272545...
Gross external debt in % of GDP73.572.165.4...

Basic data are continuously updated.

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


Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, 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. 6, June 2018
27 pages including 1 Table and 1 Figure



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