Slow recovery and tenuous political stability is the medium-term prospect. This means growth of around 3% on average in the medium run. A recovery of agriculture may push growth up this year, political support for the government may weaken and depress investment and growth in the medium run.

map Serbia
Main Economic Indicators201520162017201820192020
Population, 1000 persons709570587000...
GDP, real change in %
GDP per capita (EUR at PPP)105001070011000...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average17.715.315.
Average gross monthly wages, EUR506516550...
Consumer prices, % p.a.
Fiscal balance in % of GDP-3.7-1.31.2...
Public debt in % of GDP74.771.968.0...
Current account in % of GDP-4.7-3.1-5.6-5.4-6.1-6.2
FDI inflow, EUR mn211421272545...
Gross external debt in % of GDP78.376.575.5...

Basic data are continuously updated.

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


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


Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, 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. 7-8, August 2017
27 pages including 1 Table and 2 Figures