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.

map Serbia
Main Economic Indicators201420152016201720182019
Population, 1000 persons.713270957076...
GDP, real change in %-
GDP per capita (EUR at PPP)101001050010900...
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 GDP70.474.674.0...
Current account in % of GDP-6.0-4.7-4.0-4.0-4.0-4.0
FDI inflow, EUR mn150021142080...
Gross external debt in % of GDP77.178.377.9...

Basic data are continuously updated.

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


SERBIA: Recovery, finally

Vladimir Gligorov
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, , pp. 111-114
Details and Buy


Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure