All in all a growth of 2.5% this year looks somewhat optimistic in view of the first-quarter data. If growth in the second quarter comes in below 3%, a downward revision will be called for. In addition, the policy of the new government is yet to be formulated. If stability becomes a concern again, 3% growth may prove elusive in the medium term also.

map Serbia
Main Economic Indicators201420152016201720182019
Population, 1000 persons713270957058...
GDP, real change in %-
GDP per capita (EUR at PPP)101001050010700...
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 GDP70.474.771.9...
Current account in % of GDP-6.0-4.7-4.0-3.9-4.2-3.9
FDI inflow, EUR mn150021142080...
Gross external debt in % of GDP77.178.376.7...

Basic data are continuously updated.

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


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, July-August 2017
27 pages including 1 Table and 2 Figures



SERBIA: Recovery, finally

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