Serbia Economic Statistics and Indicators

22, May 2018, EDT. Welcome to the Serbia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Serbia › Change country
National or Regional Currency: Serbian Dinar, CSD
Year of data: 2015 › Change year
Number of Indicators Listed: 40
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 7,209,764 ; note: does not include the population of Kosovo (July 2014 est.)
Area: total: 77,474 sq km ; land: 77,474 sq km ; water: 0 sq km
Natural Resources: oil, gas, coal, iron ore, copper, zinc, antimony, chromite, gold, silver, magnesium, pyrite, limestone, marble, salt, arable land
Capital: name: Belgrade (Beograd) ; geographic coordinates: 44 50 N, 20 30 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Serbia has a transitional economy largely dominated by market forces, but the state sector remains significant in certain areas and many institutional reforms are needed. The economy relies on manufacturing and exports, driven largely by foreign investment. MILOSEVIC-era mismanagement of the economy, an extended period of international economic sanctions, civil war, and the damage to Yugoslavia's infrastructure and industry during the NATO airstrikes in 1999 left the economy only half the size it was in 1990. After the ousting of former Federal Yugoslav President MILOSEVIC in September 2000, the Democratic Opposition of Serbia (DOS) coalition government implemented stabilization measures and embarked on a market reform program. After renewing its membership in the IMF in December 2000, Serbia continued to reintegrate into the international community by rejoining the World Bank (IBRD) and the European Bank for Reconstruction and Development (EBRD). Serbia has made progress in trade liberalization and enterprise restructuring and privatization, but many large enterprises - including the power utilities, telecommunications company, natural gas company, and others - remain in state hands. Serbia has made some progress towards EU membership, signing a Stabilization and Association Agreement with Brussels in May 2008, and with full implementation of the Interim Trade Agreement with the EU in February 2010, gained candidate status in March 2012. In January 2014, Serbia's EU accession talks officially opened. Serbia's negotiations with the World Trade Organization are advanced, with the country's complete ban on the trade and cultivation of agricultural biotechnology products representing the primary remaining obstacle to accession. Serbia's program with the IMF was frozen in early 2012 because the 2012 budget approved by parliament deviated from the program parameters; the arrangement is now void. However, an IMF mission visited Serbia in February 2014 to initiate discussions with Serbian authorities on a possible new IMF arrangement and these talks will continue following the formation of the new government. High unemployment and stagnant household incomes are ongoing political and economic problems. Structural economic reforms needed to ensure the country's long-term prosperity have largely stalled since the onset of the global financial crisis. Growing budget deficits constrain the use of stimulus efforts to revive the economy and contribute to growing concern of a public debt crisis, given that Serbia's total public debt as a share of GDP doubled between 2008 and 2013. Serbia's concerns about inflation and exchange-rate stability may preclude the use of expansionary monetary policy. During the recent election campaign, the victorious SNS party promised comprehensive economic reform during the first half of 2014 to address issues with the fiscal deficit, state-owned enterprises, the labor market, construction permits, bankruptcy and privatization, and other areas. Major challenges ahead include: high unemployment rates and the need for job creation; high government expenditures for salaries, pensions, healthcare, and unemployment benefits; a growing need for new government borrowing; rising public and private foreign debt; attracting new foreign direct investment; and getting the IMF program back on track. Other serious longer-term challenges include an inefficient judicial system, high levels of corruption, and an aging population. Factors favorable to Serbia's economic growth include its strategic location, a relatively inexpensive and skilled labor force, and free trade agreements with the EU, Russia, Turkey, and countries that are members of the Central European Free Trade Agreement (CEFTA).
More on the Serbia Economy
More on the Serbia Export, Import and Trade

Economic Indicator Listing
  For Serbia in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 0.741 %
GDP (Current Prices, National Currency)CSD 3,973.03 Billion.
GDP (Current Prices, US Dollars)US$ 36.513 Billion
GDP Deflator 127.221 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)CSD 437,891.54 .
GDP Per Capita (Current Prices, National Currency)CSD 557,088.09 .
GDP Per Capita (Current Prices, US Dollars)US$ 5,119.76
GDP (PPP), US DollarsUS$ 97.502 Billion
GDP Per Capita (PPP), US DollarsUS$ 13,671.43
GDP Share of World Total (PPP) 0.086 %
Implied PPP Conversion Rate 40.748
Investment (% of GDP) 17.748 %
Gross National Savings (% of GDP) 12.914 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 181.819 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 1.392 %
Inflation, End of Year (Indexed to Year 2000) 179.605 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 1.556 %
Import Volume of All Items Including Goods and Services (Percent Change) 6.073 %
Import Volumes of Goods Only (Percent Change) 5.691 %
Export Volume of All Items Including Goods and Services (Percent Change) 8.185 %
Export Volumes of Goods Only (Percent Change) 6.716 %
Unemployment Rate (% of Labour Force) 18.51 %
Population 7.132 Million
General government revenue (National Currency)CSD 1,631.70 Billions.
General government revenue (% of GDP) 41.069 %
General government total expenditure (National Currency)CSD 1,777.53 Billions.
General government total expenditure (% of GDP) 44.74 %
Total Government Net Lending/ Borrowing (National Currency)CSD -145.827 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -3.67 %
General Government Structural Balance (National Currency)CSD -132.772 Billion.
General Government Structural Balance (% Potential GDP) -3.307 %
Fiscal Year Gross Domestic Product, Current PricesCSD 3,973.03 Billions.
Current Account Balance (US Dollars)US$ -1.765 Billion
Current Account Balance (% GDP) -4.835 %
Economic Indicators for Serbia 2015

GDP (Constant Prices, National Currency) for Serbia in year 2015 is CSD 3,122.95 Billion.

GDP Growth (Constant Prices, National Currency) for Serbia in year 2015 is 0.741 %.

GDP (Current Prices, National Currency) for Serbia in year 2015 is CSD 3,973.03 Billion.

GDP (Current Prices, US Dollars) for Serbia in year 2015 is US$ 36.513 Billion.

GDP Deflator for Serbia in year 2015 is 127.221 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Serbia in year 2015 is CSD 437,891.54 .

GDP Per Capita (Current Prices, National Currency) for Serbia in year 2015 is CSD 557,088.09 .

GDP Per Capita (Current Prices, US Dollars) for Serbia in year 2015 is US$ 5,119.76 .

GDP (PPP), US Dollars for Serbia in year 2015 is US$ 97.502 Billion.

GDP Per Capita (PPP), US Dollars for Serbia in year 2015 is US$ 13,671.43 .

GDP Share of World Total (PPP) for Serbia in year 2015 is 0.086 %.

Implied PPP Conversion Rate for Serbia in year 2015 is 40.748 .

Investment (% of GDP) for Serbia in year 2015 is 17.748 %.

Gross National Savings (% of GDP) for Serbia in year 2015 is 12.914 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Serbia in year 2015 is 181.819 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Serbia in year 2015 is 1.392 %.

Inflation, End of Year (Indexed to Year 2000) for Serbia in year 2015 is 179.605 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Serbia in year 2015 is 1.556 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Serbia in year 2015 is 6.073 %.

Import Volumes of Goods Only (Percent Change) for Serbia in year 2015 is 5.691 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Serbia in year 2015 is 8.185 %.

Export Volumes of Goods Only (Percent Change) for Serbia in year 2015 is 6.716 %.

Unemployment Rate (% of Labour Force) for Serbia in year 2015 is 18.51 %.

Population for Serbia in year 2015 is 7.132 Million .

General government revenue (National Currency) for Serbia in year 2015 is CSD 1,631.70 Billions.

General government revenue (% of GDP) for Serbia in year 2015 is 41.069 %.

General government total expenditure (National Currency) for Serbia in year 2015 is CSD 1,777.53 Billions.

General government total expenditure (% of GDP) for Serbia in year 2015 is 44.74 %.

Total Government Net Lending/ Borrowing (National Currency) for Serbia in year 2015 is CSD -145.827 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Serbia in year 2015 is -3.67 %.

General Government Structural Balance (National Currency) for Serbia in year 2015 is CSD -132.772 Billion.

General Government Structural Balance (% Potential GDP) for Serbia in year 2015 is -3.307 %.

Fiscal Year Gross Domestic Product, Current Prices for Serbia in year 2015 is CSD 3,973.03 Billions.

Current Account Balance (US Dollars) for Serbia in year 2015 is US$ -1.765 Billion.

Current Account Balance (% GDP) for Serbia in year 2015 is -4.835 %.

* Source: IMF
Aggregate Indicators for Serbia
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Serbia
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Serbia
  Natural Resources, Agricultural Products, Land Use and Water Use for Serbia
  Nationality, Ethnic Groups, Languages and Religions for Serbia
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Serbia
  Age Structure, Median Age, Gender and Urbanization for Serbia
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Serbia
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Serbia
  HIV, AIDS and Other Major Infectious Disease Rates for Serbia
  Literacy Rate, Educational Expenditure and School Life Expectancy for Serbia
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Serbia
  Industries and Industrial Growth Production Rate for Serbia
  Labor Force by Occupation for Serbia
  Poverty Line, Gini Index, Household Income and Consumption for Serbia
  National Budget and Public Debt for Serbia
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Serbia
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Serbia
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Serbia
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Serbia
  Foreign Exchange Reserves and Gold Reserves for Serbia
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Serbia
  Exchange Rate Statistics for Serbia
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Serbia
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Serbia
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Serbia
  Television and Radio Statistics (TV Stats, Radio Stats) for Serbia
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Serbia
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Serbia
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Serbia
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Serbia
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Serbia
* Source: CIA
Internet Indicators for Serbia
Indicators
  Number of Internet Users for Serbia
  Internet Penetration Rate for Serbia
  Number of Facebook Accounts for Serbia
  Facebook Penetration Rate for Serbia
* Source: IWS
Economic Freedom Indicators for Serbia
Indicators
  Economic Freedom World Rank for Serbia
  Government Spending for Serbia
  Monetary Freedom for Serbia
  Investment Freedom for Serbia
  Financial Freedom for Serbia
  Property Rights for Serbia
  Economic Freedom Regional Ranking for Serbia
  Freedom from Corruption for Serbia
  Labor Freedom for Serbia
  Tariff Rate for Serbia
  Income Tax Rate for Serbia
  Corporate Tax Rate for Serbia
  Tax Burden % of GDP for Serbia
  Government Expenditure % of GDP for Serbia
  Business Freedom for Serbia
  Trade Freedom for Serbia
  Fiscal Freedom for Serbia
  2016 Score for Serbia
* Source: HFO
Serbia Economic Indicators in other Years
  Serbia Economic Indicators for Year 2021 (Forecast)
  Serbia Economic Indicators for Year 2020 (Forecast)
  Serbia Economic Indicators for Year 2019 (Forecast)
  Serbia Economic Indicators for Year 2018 (Forecast)
  Serbia Economic Indicators for Year 2017 (Forecast)
  Serbia Economic Indicators for Year 2016 (Forecast)
Serbia Economic Indicators for Year 2015 (Current)
  Serbia Economic Indicators for Year 2014
  Serbia Economic Indicators for Year 2013
  Serbia Economic Indicators for Year 2012
  Serbia Economic Indicators for Year 2011
  Serbia Economic Indicators for Year 2010
  Serbia Economic Indicators for Year 2009
  Serbia Economic Indicators for Year 2008
  Serbia Economic Indicators for Year 2007
  Serbia Economic Indicators for Year 2006
  Serbia Economic Indicators for Year 2005
  Serbia Economic Indicators for Year 2004
  Serbia Economic Indicators for Year 2003
  Serbia Economic Indicators for Year 2002
  Serbia Economic Indicators for Year 2001
  Serbia Economic Indicators for Year 2000
  Serbia Economic Indicators for Year 1999
  Serbia Economic Indicators for Year 1998
  Serbia Economic Indicators for Year 1997
  Serbia Economic Indicators for Year 1996
  Serbia Economic Indicators for Year 1995
  Serbia Economic Indicators for Year 1994
  Serbia Economic Indicators for Year 1993
  Serbia Economic Indicators for Year 1992
  Serbia Economic Indicators for Year 1991
  Serbia Economic Indicators for Year 1990
  Serbia Economic Indicators for Year 1989
  Serbia Economic Indicators for Year 1988
  Serbia Economic Indicators for Year 1987
  Serbia Economic Indicators for Year 1986
  Serbia Economic Indicators for Year 1985
  Serbia Economic Indicators for Year 1984
  Serbia Economic Indicators for Year 1983
  Serbia Economic Indicators for Year 1982
  Serbia Economic Indicators for Year 1981
  Serbia Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International