Markets Actual Q2 Q3 Q4 Q1 2020
Stock Market (points) 748.34 726 719 712 706 693
Currency 104.64 106 106 107 107 108
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 3.40 3.5 3.2 3.4 2.8 3.7
Unemployment Rate (%) 12.90 12.5 12.7 13 13 10
Inflation Rate (%) 2.80 1.9 2.1 2.3 2.6 2.9
Interest Rate (%) 3.00 3 3 3 3 3
Balance of Trade (USD Million) -535.00 -610 -607 -580 -580 -390
Current Account (USD Million) -357.70 -150 -120 -250 -250 -280
Current Account to GDP (%) -5.20 -5.5 -5.5 -5.5 -5.1 -5.1
Government Debt to GDP (%) 54.50 56 56 56 55 55
Government Budget (% of GDP) 0.60 -0.5 -0.5 -0.5 -0.4 -0.4
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 3.40 3.5 3.2 3.4 2.8 3.7
GDP (USD Billion) 41.43 45 45 45 46 46
GDP Constant Prices (RSD Million) 979243.20 937090 967919 1012537 1006662 1050001
Gross Fixed Capital Formation (RSD Million) 264955.10 236850 249363 273964 272374 284100
GDP per capita (USD) 5992.28 6200 6200 6200 6350 6350
GDP per capita PPP (USD) 14048.88 14253 14253 14253 14341 14341
GDP From Agriculture (RSD Million) 70970.70 55323 78059 73384 72958 76099
GDP From Construction (RSD Million) 47577.80 39969 46127 49195 48910 51016
GDP From Manufacturing (RSD Million) 206544.10 207815 201302 213567 212327 221469
GDP From Public Administration (RSD Million) 114781.30 110262 108942 118684 117995 123075
GDP From Services (RSD Million) 157600.50 149755 155414 162959 162013 168988
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 12.90 12.5 12.7 13 13 10
Wages (RSD/Month) 54521.00 49022 48975 58000 58000 60000
Minimum Wages (EUR/Month) 308.04 308 308 308 340 340
Population (Million) 7.00 6.94 6.94 6.96 6.92 6.92
Retirement Age Women 62.00 62 62 62.5 63 63
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.80 1.9 2.1 2.3 2.6 2.9
Consumer Price Index CPI (Index Points) 198.00 199 199 199 202 205
Inflation Rate Mom (%) 0.40 0.3 0.2 0.3 0.3 0.4
Food Inflation (%) 4.90 1.76 1.75 3.5 3.5 4
CPI Transportation (Index Points) 177.60 180 183 181 180 186
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 3.00 3 3 3 3 3
Interbank Rate (%) 2.97 2.95 2.95 2.95 2.95 2.95
Deposit Interest Rate (%) 1.75 2.25 1.5 2.25 2.25 2.25
Lending Rate (%) 4.25 4.25 4.25 4.25 4.25 4.25
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) -535.00 -610 -607 -580 -580 -390
Current Account (USD Million) -357.70 -150 -120 -250 -250 -280
Current Account to GDP (%) -5.20 -5.5 -5.5 -5.5 -5.1 -5.1
Imports (USD Million) 2063.90 2600 2257 2590 2590 2800
Exports (USD Million) 1528.90 1990 1650 2010 2010 2410
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 54.50 56 56 56 55 55
Government Budget (% of GDP) 0.60 -0.5 -0.5 -0.5 -0.4 -0.4
Government Spending (RSD Million) 231891.60 212933 211075 239776 238385 248648
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 37.80 37.8 37.8 37.8 37.8 37.8
Social Security Rate For Companies (%) 17.90 17.9 17.9 17.9 17.9 17.9
Social Security Rate For Employees (%) 19.90 19.9 19.9 19.9 19.9 19.9
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) 2.40 1.5 1.4 1.9 2 2.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales YoY (%) 10.80 4.1 3.8 3.6 3.6 4.1
Gasoline Prices (USD/Liter) 1.41 1.36 1.33 1.3 1.26 1.27
Consumer Spending (RSD Million) 925447.30 889838 915408 956913 951360 992318


This page has economic forecasts for Serbia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Serbia economy.