The outlook for the economy remains broadly positive, but a return to 2018 levels of growth is not likely. Faltering production in the automotive industry and the 100% tariffs on exports to Kosovo pose short-term challenges, but consumption and especially investment are holding up well. Macroeconomic stability has improved, but political risk – emanating from both domestic and international sources – has risen.

map Serbia
Main Economic Indicators201620172018201920202021
Population, 1000 persons705870216983...
GDP, real change in %
GDP per capita (EUR at PPP)114001160012300...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average15.313.512.711.510.810.3
Average gross monthly wages, EUR516544580...
Consumer prices, % p.a.
Fiscal balance in % of GDP-
Public debt in % of GDP67.857.953.8...
Current account in % of GDP-2.9-5.2-5.2-5.2-4.9-4.7
FDI inflow, EUR mn212725483496...
Gross external debt in % of GDP72.165.362.7...

Basic data are continuously updated.

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


Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure



SERBIA: Slowdown ahead after a strong 2018

Richard Grieveson
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 132-135
Details and Buy