ECON FACTBOOK

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Economy of Serbia

Population: 7.2 million in 2013¹

GDP: $43 billion in 2013²

GDP per capita: $6,354 nominal³ ($12,374 PPP⁴) in 2013

GDP growth rate: 2.6% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Other activities	14,803	39.5%
Manufacturing	6,134	16.4%
Wholesale, retail trade, restaurants and hotels	4,024	10.7%
Agriculture, hunting, forestry, fishing	3,994	10.7%
Transport, storage and communication	3,856	10.3%
Mining and utilities	2,797	7.5%
Construction	1,849	4.9%
Total value added	37,458	100%

Employment

Unemployment rate: 22.2% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Agriculture, forestry and fishing	492	21.3%
Manufacturing	394	17.1%
Wholesale trade, retail trade and repair of motor vehicles	297	12.8%
Education	150	6.5%
Transportation and storage	134	5.8%
Human health and social work	131	5.6%
Public administration and defence	131	5.7%
Construction	110	4.8%
Professional, scientific and technical	62	2.7%
Accommodation and food service	59	2.5%
Administrative and support service	49	2.1%
Information and communication	48	2.1%
Other service	46	2.0%
Finance and insurance	43	1.8%
Arts, entertainment and recreation	39	1.7%
Electricity, gas, steam and air conditioning	37	1.6%
Water supply, sewerage and waste management	34	1.5%
Activities of households as employers	30	1.3%
Mining and quarrying	22	1.0%
Real estate	3	0.1%
Extraterritorial organizations and bodies	1	0.0%
Total employment	2,311	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $59 billion (137% of GDP) in 2014¹⁰

Household Wealth per Adult: $7,784 in 2014¹⁰

Gini Coefficient: .28 in 2013¹¹

Government

Central Government

Central Government Revenue: $17.5 billion (41% of GDP) in 2013¹²

Central Government Expenditure: $19.6 billion (46% of GDP) in 2013¹²

Central Government Budget Balance: -$2.1 billion (-5% of GDP) in 2013¹²

Central Government Public Debt: $27.6 billion (64% of GDP) in Dec 2014* ¹³

Central Government 10 Year Bond Interest Rate: 6.46% in 2014¹⁴

* Public debt calculated using the exchange rate 85.2 RSD = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2011¹⁵

12%: $0+

Corporate Tax Rate: 15% in 2014¹⁶

Monetary Policy

Money Supply (M1): $4.8 billion (11% of GDP) in Nov 2014* ¹⁷

Benchmark Interest Rate: Key Policy Rate = 8.00% on in Nov 2014¹⁸

Total Reserves: $15.0 billion (35% of GDP) in 2013¹⁹

Exchange Rate: 85.2 Serbian Dinars = 1 U.S. Dollar ²⁰

Inflation: 7.7% in 2013²¹

* Money supply calculated using the exchange rate 85.2 RSD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $14.6 billion (34% of GDP) in 2013²³

Imports: $20.5 billion (48% of GDP) in 2013²³

Trade Balance: -5.9 billion (-14% of GDP) in 2013²³

Foreign Direct Investment Inflow: $1.9 billion (4% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $1.1 billion (3% of GDP) in 2012²⁵

Foreign Aid Outflow: N/A

References