map Serbia
Despite the hard times brought about by the Russian invasion of Ukraine, Serbia is doing relatively well in an economic sense, mainly because of supportive government measures. The country should be able to see the winter through without major problems, but its medium-term economic prospects remain uncertain, depending as they do essentially on how the country positions itself vis-à-vis Russia.
Main Economic Indicators201920202021202220232024
Population, 1000 persons694568996834...
GDP, real change in %4.3-
GDP per capita (EUR at PPP)128001276014300...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average10.
Average gross monthly wages, EUR643706772...
Consumer prices, % p.a.
Fiscal balance in % of GDP-0.2-8.0-4.1-1.0-2.0-2.0
Public debt in % of GDP52.857.857.1...
Current account in % of GDP-6.9-4.1-4.3-8.3-8.0-7.8
FDI inflow, EUR m381530393886...
Gross external debt in % of GDP61.465.868.4...

Basic data are continuously updated.

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


Executive summary

Branimir Jovanović
in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. I-VIII


Monthly Report No. 7-8/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Bernhard Moshammer, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2022
58 pages including 4 Tables and 21 Figures