Economy of Serbia. Statistics, Data and Indicators
Serbia
| 36BB | Credit rank #78 |
| 123.48 | Quality of life #45 |
| 101 | Corruption rank#79 |
| 44 | Ease of doing business#48 |
Serbia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 63.5 USD Billion | 2022 |
| GDP Annual Growth Rate | 1.7 % | 2Q/23 |
| GDP Growth Rate | 1.3 % | 2Q/23 |
| GDP per capita | 7354 USD | 2022 |
| Inflation Rate YoY | 11.5 % | Aug/23 |
| Interest Rate | 6.5 % | Oct/23 |
| Unemployment Rate | 9.6 % | 2Q/23 |
| Wages | 83781 RSD/Month | 758.594 USD/Month | Jul/23 |
| Balance of Trade | -635 USD Million | -0.635 B USD | Aug/23 |
| Current Account | -48.4 USD Million | -0.048 B USD | Jul/23 |
| Foreign Exchange Reserves | 23624 EUR Million | 25.063 B USD | Aug/23 |
| Government Debt | 23942 RSD Million | 0.217 B USD | Jun/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 63.5 USD Billion | 2022 |
| GDP Annual Growth Rate | 1.7 % | 2Q/23 |
| GDP Growth Rate | 1.3 % | 2Q/23 |
| GDP per capita | 7354 USD | 2022 |
| GDP Constant Prices | 1370166 RSD Million | 12.406 B USD | 2Q/23 |
| GDP per capita PPP | 20497 USD | 2022 |
| GDP From Agriculture | 65803 RSD Million | 0.596 B USD | 2Q/23 |
| GDP From Construction | 75812 RSD Million | 0.686 B USD | 2Q/23 |
| GDP From Manufacturing | 279195 RSD Million | 2.528 B USD | 2Q/23 |
| GDP From Public Administration | 136675 RSD Million | 1.238 B USD | 2Q/23 |
| GDP From Services | 241511 RSD Million | 2.187 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 55.1 % | 2022 |
| Government Spending | 319005 RSD Million | 2.888 USD Billion | 2Q/23 |
| Government Debt | 23942 RSD Million | 0.217 USD Billion | Jun/23 |
| Government Budget to GDP | -3.3 % | 2022 |
| Government Spending to GDP | 46.9 % | 2022 |
| Military Expenditure | 1426 USD Million | 1.426 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 266 index points | Aug/23 |
| Food Inflation | 16.9 % | Aug/23 |
| Gasoline Prices | 1.73 USD/Liter | Sep/23 |
| Inflation Rate YoY | 11.5 % | Aug/23 |
| Inflation Rate Mom | 0.4 % | Aug/23 |
| CPI Housing Utilities | 301 Index Points | Aug/23 |
| CPI Transportation | 213 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -6.9 % | 2022 |
| Weapons Sales | 3 USD Million | 0.003 M USD | 2021 |
| Balance of Trade | -635 USD Million | -0.635 USD Billion | Aug/23 |
| Capital Flows | 72 USD Million | 0.072 USD Billion | Jul/23 |
| Current Account | -48.4 USD Million | -0.048 USD Billion | Jul/23 |
| Exports | 2376 USD Million | 2.376 USD Billion | Aug/23 |
| External Debt | 43578 EUR Million | 46.232 USD Billion | 1Q/23 |
| Foreign Exchange Reserves | 23624 EUR Million | 25.063 USD Billion | Aug/23 |
| Imports | 3011 USD Million | 3.011 USD Billion | Aug/23 |
| Tourist Arrivals | 252728 Persons | 0.253 Million Persons | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 38.47 Tonnes | 2Q/23 |
| Interbank Rate | 5.77 % | Oct/23 |
| Interest Rate | 6.5 % | Oct/23 |
| Loans to Private Sector | 1400114 RSD Million | 12.677 USD Billion | Aug/23 |
| Money Supply M0 | 306454 RSD Million | 2.775 USD Billion | Aug/23 |
| Money Supply M1 | 1503647 RSD Million | 13.615 USD Billion | Aug/23 |
| Money Supply M2 | 1992571 RSD Million | 18.042 USD Billion | Aug/23 |
| Money Supply M3 | 4216548 RSD Million | 38.179 USD Billion | Aug/23 |
| Deposit Interest Rate | 5.25 % | Oct/23 |
| Foreign Direct Investment | -316 EUR Million | -0.335 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 461 EUR/Month | 489.073 USD/Month | 3Q/23 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 63.33 | 2022 |
| Unemployment Rate | 9.6 % | 2Q/23 |
| Wages | 83781 RSD/Month | 758.594 USD/Month | Jul/23 |
| Youth Unemployment Rate | 24.7 % | 2Q/23 |
| Employed Persons | 2876600 Person | 2.877 Million Person | 2Q/23 |
| Employment Rate | 50.4 % | 2Q/23 |
| Labor Force Participation Rate | 55.8 % | 2Q/23 |
| Unemployed Persons | 399 Thousand Persons | 0.399 Million Persons | Jul/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2023 |
| Personal Income Tax Rate | 10 % | 2021 |
| Sales Tax Rate | 20 % | 2023 |
| Social Security Rate | 37.55 % | 2023 |
| Social Security Rate For Companies | 16.65 % | 2023 |
| Social Security Rate For Employees | 20.9 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 13 BBL/D/1K | May/23 |
| Industrial Production | 5.8 % | Aug/23 |
| Steel Production | 119 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 36 index points | 2022 |
| Corruption Rank | 101 place | 2022 |
| Ease of Doing Business | 44 place | 2019 |
| Manufacturing Production | 2.4 % | Aug/23 |
| Competitiveness Index | 60.85 Index Points | 2019 |
| Competitiveness Rank | 72 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales MoM | 0.5 % | Aug/23 |
| Retail Sales YoY | -1.5 % | Aug/23 |
| Consumer Credit | 1480234 RSD Million | 13.403 USD Billion | Aug/23 |
| Consumer Spending | 1345422 RSD Million | 12.182 USD Billion | 2Q/23 |
