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This page includes a chart with historical data for Inflation; consumer prices (annual %) in Serbia. The Inflation; consumer prices (annual %) in Serbia was reported at 12.87 in 2008, according to the World Bank. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Serbia is an upper-middle income economy in the Southeastern Europe. After years of wars and economic sanctions, the Serbian economy has been steadily growing. Major industries are base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes and pharmaceuticals. In recent years, the main source of foreign trade have been iron and steel, clothes, cereals, vegetables and non-ferrous metals.
Consumer price index (2005 = 100) in Serbia DEC alternative conversion factor (LCU per US dollar) in Serbia GDP deflator (base year varies by country) in Serbia Inflation; consumer prices (annual %) in Serbia Inflation; GDP deflator (annual %) in Serbia Official exchange rate (LCU per US dollar; period average) in Serbia
2007 -15.82
2008 -17.69
Previous Changes in net reserves (BoP; US dollar) in Serbia Communications; computer; etc. (% of service exports; BoP) in Serbia Current account balance (BoP; US dollar) in Serbia Current account balance (% of GDP) in Serbia Current transfers; receipts (BoP; US dollar) in Serbia Exports of goods and services (BoP; US dollar) in Serbia Exports of goods; services and income (BoP; US dollar) in Serbia Exports of goods; services; income and workers' remittances (BoP; US dollar) in Serbia Foreign direct investment; net (BoP; US dollar) in Serbia Foreign direct investment; net inflows (BoP; US dollar) in Serbia Foreign direct investment; net inflows in reporting economy (DRS; US dollar) in Serbia Foreign direct investment; net inflows (% of GDP) in Serbia Foreign direct investment; net outflows (% of GDP) in Serbia Goods exports (BoP; US dollar) in Serbia Goods imports (BoP; US dollar) in Serbia Grants; excluding technical cooperation (US dollar) in Serbia Imports of goods and services (BoP; US dollar) in Serbia Imports of goods; services and income (BoP; US dollar) in Serbia Income payments (BoP; US dollar) in Serbia Income receipts (BoP; US dollar) in Serbia Insurance and financial services (% of service exports; BoP) in Serbia Insurance and financial services (% of service imports; -1262568425.6 48.1
21432250495.1 26630562035.9 22971284778.9 28808377097.4 1539034283.8 709979008.5 1.7 2177815061.6 829956695.0 1.7
2.4
3.2
BoP) in Serbia Net capital account (BoP; US dollar) in Serbia Net current transfers (BoP; US dollar) in Serbia Net errors and omissions; adjusted (BoP; US dollar) in Serbia Net income (BoP; US dollar) in Serbia Net trade in goods and services (BoP; US dollar) in Serbia -815363661.7 3970370143.1 323166953.6 -829055275.3 -9487494809.4 25168853.3 4137774389.6 89923401.4 -1347858366.5 11645040863.5 11379975670.4 -56626356.0 -56626356.0 -136282739.3
-9139631152.8
Portfolio equity; net inflows (BoP; US dollar) in Serbia Portfolio investment; equity (DRS; US dollar) in Serbia Portfolio investment; excluding LCFAR (BoP; US dollar) in Serbia Profit remittances on FDI (US dollar) in Serbia Royalty and license fees; payments (BoP; US dollar) in Serbia Royalty and license fees; receipts (BoP; US dollar) in Serbia Service exports (BoP; US dollar) in Serbia Service imports (BoP; US dollar) in Serbia Technical cooperation grants (US dollar) in Serbia Total reserves in months of imports in Serbia Total reserves (includes gold; US dollar) in Serbia Total reserves minus gold (US dollar) in Serbia Total reserves (% of total external debt) in Serbia Trade in services (% of GDP) in Serbia Transport services (% of service exports; BoP) in Serbia Transport services (% of service imports; BoP) in Serbia Travel services (% of service exports; BoP) in Serbia Travel services (% of service imports; BoP) in Serbia
14214276005.6 11477985606.3 13892608026.1 11122854351.0 53.9 16.7 22.9 28.3 27.3 29.7 37.1 16.6 23.9 29.7 23.5 29.3
Workers' remittances and compensation of employees; paid (US dollar) in Serbia Workers' remittances and compensation of employees; received (% of GDP) in Serbia Workers' remittances and compensation of employees; received (US dollar) in Serbia Workers' remittances; receipts (BoP; US dollar) in Serbia
114331000.0
138288800.0
13.4
11.1
5377200000.0
5537660000.0
2947612941.0
2912606777.0
2007 21432250495.05
2008 26630562035.86
Changes in net reserves (BoP; US dollar) in Serbia Communications; computer; etc. (% of service exports; 48.1 51.0 BoP) in Serbia Current account balance (BoP; US dollar) in Serbia -6346179941.5 -8855124840.4 Current account balance (% of GDP) in Serbia -15.8 -17.7 Current transfers; receipts (BoP; US dollar) in Serbia 4285354201.3 4542919568.5 Exports of goods and services (BoP; US dollar) in Serbia 11944755685.7 14985521172.4 Exports of goods; services and income (BoP; US dollar) in Serbia 12654734694.2 15815477867.4 Exports of goods; services; income and workers' remittances (BoP; 15602347635.1 18728084644.4 US dollar) in Serbia Foreign direct investment; net (BoP; US dollar) in Serbia 2504601332.9 2714718220.5 Foreign direct investment; net inflows (BoP; US dollar) in Serbia 3447783517.4 2991842334.9 Foreign direct investment; net inflows in reporting economy (DRS; 3447783517.4 2991842334.9 US dollar) in Serbia Foreign direct investment; net inflows (% of GDP) in Serbia 8.6 6.0
Foreign direct investment; net outflows (% of GDP) in Serbia Goods exports (BoP; US dollar) in Serbia Goods imports (BoP; US dollar) in Serbia Grants; excluding technical cooperation (US dollar) in Serbia Imports of goods and services (BoP; US dollar) in Serbia Imports of goods; services and income (BoP; US dollar) in Serbia Income payments (BoP; US dollar) in Serbia Income receipts (BoP; US dollar) in Serbia Insurance and financial services (% of service exports; BoP) in Serbia Insurance and financial services (% of service imports; BoP) in Serbia Net capital account (BoP; US dollar) in Serbia Net current transfers (BoP; US dollar) in Serbia Net errors and omissions; adjusted (BoP; US dollar) in Serbia Net income (BoP; US dollar) in Serbia
2.4 0.6 8776476058.5 10973186199.1 17916107211.3 22353161869.5 557710000.0 588160000.0 21432250495.1 26630562035.9 22971284778.9 28808377097.4 1539034283.8 2177815061.6 709979008.5 829956695.0 1.7 2.4 1.7 3.2
-815363661.7 25168853.3 3970370143.1 4137774389.6 323166953.6 89923401.4 -829055275.3 -1347858366.5 Net trade in goods and services (BoP; US dollar) in Serbia -9487494809.4 11645040863.5 Net trade in goods (BoP; US dollar) in Serbia -9139631152.8 11379975670.4 Portfolio equity; net inflows (BoP; US dollar) in Serbia 764288371.0 -56626356.0 Portfolio investment; equity (DRS; US dollar) in Serbia 764288371.0 -56626356.0 Portfolio investment; excluding LCFAR (BoP; US dollar) in Serbia 915798410.9 -136282739.3 Profit remittances on FDI (US dollar) in Serbia 603513595.7 898195912.4 Royalty and license fees; payments (BoP; US dollar) in Serbia 143920897.7 192283086.0 Royalty and license fees; receipts (BoP; US dollar) in Serbia 10449763.5 27206683.3 Service exports (BoP; US dollar) in Serbia 3168279627.2 4012334973.3 Service imports (BoP; US dollar) in Serbia 3516143283.8 4277400166.4 Technical cooperation grants (US dollar) in Serbia 208560000.0 322520000.0 Total reserves in months of imports in Serbia 7.4 4.8 Total reserves (includes gold; US dollar) in Serbia 14214276005.6 11477985606.3 Total reserves minus gold (US dollar) in Serbia 13892608026.1 11122854351.0 Total reserves (% of total external debt) in Serbia 53.9 37.1 Trade in services (% of GDP) in Serbia 16.7 16.6 Transport services (% of service exports; BoP) in Serbia 22.9 23.9 Transport services (% of service imports; BoP) in Serbia 28.3 29.7 Travel services (% of service exports; BoP) in Serbia 27.3 23.5 Travel services (% of service imports; BoP) in Serbia 29.7 29.3 Workers' remittances and compensation of employees; paid (US 114331000.0 138288800.0 dollar) in Serbia Workers' remittances and compensation of employees; received (% 13.4 11.1 of GDP) in Serbia Workers' remittances and compensation of employees; received (US 5377200000.0 5537660000.0 dollar) in Serbia Workers' remittances; receipts (BoP; US dollar) in Serbia 2947612941.0 2912606777.0
2008 11.65
Previous Agriculture; value added (constant 2000 US dollar) in Serbia Agriculture; value added (current LCU) in Serbia Agriculture; value added (% of GDP) in Serbia Agriculture; value added (US dollar) in Serbia Changes in inventories (constant LCU) in Serbia Changes in inventories (current LCU) in Serbia Changes in inventories (US dollar) in Serbia
Last
253265490744.9 0.0 13.0 0.0 4333162534.6 0.0 30303305969.3 41547556638.1 51929370008.8 83700000000.0 888468460.1 1501349755.8
Discrepancy in expenditure estimate of GDP (current LCU) in Serbia Exports as a capacity to import (constant LCU) in Serbia Exports of goods and services (annual % growth) in Serbia Exports of goods and services (constant 2000 US dollar) in Serbia Exports of goods and services (constant LCU) in Serbia Exports of goods and services (current LCU) in Serbia Exports of goods and services (% of GDP) in Serbia Exports of goods and services (US dollar) in Serbia External balance on goods and services (constant LCU) in Serbia External balance on goods and services (current LCU) in Serbia External balance on goods and services (% of GDP) in Serbia External balance on goods and services (US dollar) in Serbia Final consumption expenditure (constant 2000 US dollar) in Serbia Final consumption expenditure (constant LCU) in Serbia Final consumption expenditure (current LCU) in Serbia Final consumption expenditure; etc. (annual % growth) in Serbia Final consumption expenditure; etc. (constant 2000 US dollar) in Serbia Final consumption expenditure; etc. (constant LCU) in Serbia Final consumption expenditure; etc. (current LCU) in Serbia Final consumption expenditure; etc. (% of GDP) in Serbia Final consumption expenditure; etc. (US dollar) in Serbia Final consumption expenditure (US dollar) in Serbia GDP (constant 2000 US dollar) in Serbia GDP (constant LCU) in Serbia GDP (current LCU) in Serbia GDP growth (annual %) in Serbia GDP per capita (constant 2000 US dollar) in Serbia GDP per capita (constant LCU) in Serbia GDP per capita growth (annual %) in Serbia GDP per capita (US dollar) in Serbia GDP (US dollar) in Serbia General government final consumption expenditure (annual % growth) in Serbia General government final consumption expenditure (constant 2000 US dollar) in Serbia General government final consumption expenditure (constant LCU) in Serbia General government final consumption expenditure (current LCU) in Serbia General government final consumption expenditure (% of
0.0
0.0
370784010129.1 413967456550.1 689555043287.2 827639020333.5 29.4 29.7 11797715000.0 14845587109.5 -252270705247.0 -279960521231.7 -517219153081.5 -635787567210.4 -22.1 -22.8 -8849190822.4 -11404295206.3 14118335092.8 14258521307.3
1316194321613.9 1329263305902.2 2320444628488.7 2773687567210.4 99.0 99.4 39700883441.7 49752391298.3 39700883441.7 49752391298.3 13139181093.4 13301584726.4 1368450900000.0 1385365302522.8 2345050840230.3 2790900000000.0 7.5 1.2 1780.0 1809.7 185387.3 188479.4 8.0 1.7 5435.4 6810.8 40121875320.7 50061135405.5 7.8 1915190386.6 47.4 2823467497.1
GDP) in Serbia General government final consumption expenditure (US dollar) in Serbia GNI; Atlas method (US dollar) in Serbia GNI (current LCU) in Serbia GNI per capita; Atlas method (US dollar) in Serbia GNI (US dollar) in Serbia Gross capital formation (annual % growth) in Serbia Gross capital formation (constant 2000 US dollar) in Serbia Gross capital formation (constant LCU) in Serbia Gross capital formation (current LCU) in Serbia Gross capital formation (% of GDP) in Serbia Gross capital formation (US dollar) in Serbia Gross domestic income (constant 2000 US dollar) in Serbia Gross domestic income (constant LCU) in Serbia Gross domestic savings (current LCU) in Serbia Gross domestic savings (% of GDP) in Serbia Gross domestic savings (US dollar) in Serbia Gross fixed capital formation (annual % growth) in Serbia Gross fixed capital formation (constant 2000 US dollar) in Serbia Gross fixed capital formation (constant LCU) in Serbia Gross fixed capital formation (current LCU) in Serbia Gross fixed capital formation (% of GDP) in Serbia Gross fixed capital formation (US dollar) in Serbia Gross national expenditure (constant 2000 US dollar) in Serbia Gross national expenditure (constant LCU) in Serbia Gross national expenditure (current LCU) in Serbia Gross national expenditure (% of GDP) in Serbia Gross national expenditure (US dollar) in Serbia Gross savings (current LCU) in Serbia Gross savings (% of GDP) in Serbia Gross savings (% of GNI) in Serbia Gross savings (US dollar) in Serbia Gross value added at factor cost (constant 2000 US dollar) in Serbia Gross value added at factor cost (current LCU) in Serbia Gross value added at factor cost (US dollar) in Serbia Household final consumption expenditure (annual % growth) in Serbia Household final consumption expenditure (constant 2000 US dollar) in Serbia Household final consumption expenditure (constant LCU) in Serbia Household final consumption expenditure (current
7101114061.3
10663708838.9
34194664077.5 41108090508.9 2296538845667.9 2743958639582.0 4630.0 5590.0 39291875320.7 49219135405.5 12.1 10.4 2958630132.2 3265010214.3 304527283633.1 336062517852.3 541825364823.2 653000000000.0 23.1 23.4 9270182701.4 11713039313.4 13726000000.0 14495000000.0 1353682557528.0 1363847919383.8 24606211741.6 17212432789.6 1.1 0.6 420991879.0 308744107.1 12.7 7.4 2654328505.6 2850733417.1
274223977663.8 294514961214.2 489895994814.3 569300000000.0 20.9 20.4 8381714241.3 10211689557.6 17076965225.0 17523531521.7 1620721605247.0 1665325823754.5 2862269993311.8 3426687567210.4 122.1 122.8 48971066143.1 61465430611.7 208155150665.7 200951308655.0 8.9 7.2 9.1 7.3 3561362022.1 3604518496.7
LCU) in Serbia Household final consumption expenditure; etc. (annual % growth) in Serbia Household final consumption expenditure; etc. (constant 2000 US dollar) in Serbia Household final consumption expenditure; etc. (constant LCU) in Serbia Household final consumption expenditure; etc. (current LCU) in Serbia Household final consumption expenditure; etc. (% of GDP) in Serbia Household final consumption expenditure; etc. (US dollar) in Serbia Household final consumption expenditure per capita (constant 2000 US dollar) in Serbia Household final consumption expenditure per capita growth (annual %) in Serbia Household final consumption expenditure (US dollar) in Serbia Imports of goods and services (annual % growth) in Serbia Imports of goods and services (constant 2000 US dollar) in Serbia Imports of goods and services (constant LCU) in Serbia Imports of goods and services (current LCU) in Serbia Imports of goods and services (% of GDP) in Serbia Imports of goods and services (US dollar) in Serbia Industry; value added (constant 2000 US dollar) in Serbia Industry; value added (current LCU) in Serbia Industry; value added (% of GDP) in Serbia Industry; value added (US dollar) in Serbia Manufacturing; value added (current LCU) in Serbia Manufacturing; value added (% of GDP) in Serbia Manufacturing; value added (US dollar) in Serbia Net current transfers from abroad (constant LCU) in Serbia Net current transfers from abroad (current LCU) in Serbia Net current transfers from abroad (US dollar) in Serbia Net income from abroad (current LCU) in Serbia Net income from abroad (US dollar) in Serbia Net taxes on products (current LCU) in Serbia Net taxes on products (US dollar) in Serbia Services; etc.; value added (constant 2000 US dollar) in Serbia Services; etc.; value added (current LCU) in Serbia Services; etc.; value added (% of GDP) in Serbia Services; etc.; value added (US dollar) in Serbia Terms of trade adjustment (constant LCU) in Serbia Trade (% of GDP) in Serbia
11.7 12323694020.5
-7.8 11368279350.9
1107578521804.9 1021711673297.5 1905397391469.1 2179187567210.4 81.3 32599769380.5 1669.5 12.1 32599769380.5 23.9 9620181213.5 78.1 39088682459.4 1546.7 -7.4 39088682459.4 11.4 10714489001.8
623054715376.1 693927977781.8 1206774196368.7 1463426587543.9 51.5 52.4 20646905822.4 26249882315.7 555777049134.6 28.4 9508884451.0 0.0 0.0 0.0 136499300977.8 232235755500.0 3973000000.0 -48511994562.4 -830000000.0 390568000000.0 6682294614.4 0.0 0.0 0.0 0.0 0.0 0.0 103828168792.2 213643899000.0 3834000000.0 -46941360418.0 -842000000.0 434407690894.8 7792089374.4
1145440300350.8 2356492309105.2 58.6 100.0 19597533720.6 42269046031.0 -14768342472.1 -21517383139.0 80.9 82.1
Previous Agriculture; value added (constant 2000 US dollar) in Serbia Agriculture; value added (current LCU) in Serbia Agriculture; value added (% of GDP) in Serbia Agriculture; value added (US dollar) in Serbia Changes in inventories (constant LCU) in Serbia Changes in inventories (current LCU) in Serbia Changes in inventories (US dollar) in Serbia Discrepancy in expenditure estimate of GDP (current LCU) in Serbia Exports as a capacity to import (constant LCU) in Serbia Exports of goods and services (annual % growth) in Serbia Exports of goods and services (constant 2000 US dollar) in Serbia Exports of goods and services (constant LCU) in Serbia Exports of goods and services (current LCU) in Serbia Exports of goods and services (% of GDP) in Serbia Exports of goods and services (US dollar) in Serbia External balance on goods and services (constant LCU) in Serbia External balance on goods and services (current LCU) in Serbia External balance on goods and services (% of GDP) in Serbia External balance on goods and services (US dollar) in Serbia Final consumption expenditure (constant 2000 US dollar) in Serbia Final consumption expenditure (constant LCU) in Serbia Final consumption expenditure (current LCU) in Serbia Final consumption expenditure; etc. (annual % growth) in Serbia Final consumption expenditure; etc. (constant 2000 US dollar) in Serbia Final consumption expenditure; etc. (constant LCU) in Serbia Final consumption expenditure; etc. (current LCU) in Serbia Final consumption expenditure; etc. (% of GDP) in Serbia Final consumption expenditure; etc. (US dollar) in Serbia Final consumption expenditure (US dollar) in Serbia GDP (constant 2000 US dollar) in Serbia GDP (constant LCU) in Serbia GDP (current LCU) in Serbia GDP growth (annual %) in Serbia GDP per capita (constant 2000 US dollar) in Serbia GDP per capita (constant LCU) in Serbia GDP per capita growth (annual %) in Serbia GDP per capita (US dollar) in Serbia
Last
253265490744.9 0.0 13.0 0.0 4333162534.6 0.0 30303305969.3 41547556638.1 51929370008.8 83700000000.0 888468460.1 1501349755.8 0.0 0.0
370784010129.1 413967456550.1 689555043287.2 827639020333.5 29.4 29.7 11797715000.0 14845587109.5 -252270705247.0 -279960521231.7 -517219153081.5 -635787567210.4 -22.1 -22.8 -8849190822.4 -11404295206.3 14118335092.8 14258521307.3
1316194321613.9 1329263305902.2 2320444628488.7 2773687567210.4 99.0 99.4 39700883441.7 49752391298.3 39700883441.7 49752391298.3 13139181093.4 13301584726.4 1368450900000.0 1385365302522.8 2345050840230.3 2790900000000.0 7.5 1.2 1780.0 1809.7 185387.3 188479.4 8.0 1.7 5435.4 6810.8
GDP (US dollar) in Serbia General government final consumption expenditure (annual % growth) in Serbia General government final consumption expenditure (constant 2000 US dollar) in Serbia General government final consumption expenditure (constant LCU) in Serbia General government final consumption expenditure (current LCU) in Serbia General government final consumption expenditure (% of GDP) in Serbia General government final consumption expenditure (US dollar) in Serbia GNI; Atlas method (US dollar) in Serbia GNI (current LCU) in Serbia GNI per capita; Atlas method (US dollar) in Serbia GNI (US dollar) in Serbia Gross capital formation (annual % growth) in Serbia Gross capital formation (constant 2000 US dollar) in Serbia Gross capital formation (constant LCU) in Serbia Gross capital formation (current LCU) in Serbia Gross capital formation (% of GDP) in Serbia Gross capital formation (US dollar) in Serbia Gross domestic income (constant 2000 US dollar) in Serbia Gross domestic income (constant LCU) in Serbia Gross domestic savings (current LCU) in Serbia Gross domestic savings (% of GDP) in Serbia Gross domestic savings (US dollar) in Serbia Gross fixed capital formation (annual % growth) in Serbia Gross fixed capital formation (constant 2000 US dollar) in Serbia Gross fixed capital formation (constant LCU) in Serbia Gross fixed capital formation (current LCU) in Serbia Gross fixed capital formation (% of GDP) in Serbia Gross fixed capital formation (US dollar) in Serbia Gross national expenditure (constant 2000 US dollar) in Serbia Gross national expenditure (constant LCU) in Serbia Gross national expenditure (current LCU) in Serbia Gross national expenditure (% of GDP) in Serbia Gross national expenditure (US dollar) in Serbia Gross savings (current LCU) in Serbia Gross savings (% of GDP) in Serbia Gross savings (% of GNI) in Serbia Gross savings (US dollar) in Serbia Gross value added at factor cost (constant 2000 US
34194664077.5 41108090508.9 2296538845667.9 2743958639582.0 4630.0 5590.0 39291875320.7 49219135405.5 12.1 10.4 2958630132.2 3265010214.3 304527283633.1 336062517852.3 541825364823.2 653000000000.0 23.1 23.4 9270182701.4 11713039313.4 13726000000.0 14495000000.0 1353682557528.0 1363847919383.8 24606211741.6 17212432789.6 1.1 0.6 420991879.0 308744107.1 12.7 7.4 2654328505.6 2850733417.1
274223977663.8 294514961214.2 489895994814.3 569300000000.0 20.9 20.4 8381714241.3 10211689557.6 17076965225.0 17523531521.7 1620721605247.0 1665325823754.5 2862269993311.8 3426687567210.4 122.1 122.8 48971066143.1 61465430611.7 208155150665.7 200951308655.0 8.9 7.2 9.1 7.3 3561362022.1 3604518496.7
dollar) in Serbia Gross value added at factor cost (current LCU) in Serbia Gross value added at factor cost (US dollar) in Serbia Household final consumption expenditure (annual % growth) in Serbia Household final consumption expenditure (constant 2000 US dollar) in Serbia Household final consumption expenditure (constant LCU) in Serbia Household final consumption expenditure (current LCU) in Serbia Household final consumption expenditure; etc. (annual % growth) in Serbia Household final consumption expenditure; etc. (constant 2000 US dollar) in Serbia Household final consumption expenditure; etc. (constant LCU) in Serbia Household final consumption expenditure; etc. (current LCU) in Serbia Household final consumption expenditure; etc. (% of GDP) in Serbia Household final consumption expenditure; etc. (US dollar) in Serbia Household final consumption expenditure per capita (constant 2000 US dollar) in Serbia Household final consumption expenditure per capita growth (annual %) in Serbia Household final consumption expenditure (US dollar) in Serbia Imports of goods and services (annual % growth) in Serbia Imports of goods and services (constant 2000 US dollar) in Serbia Imports of goods and services (constant LCU) in Serbia Imports of goods and services (current LCU) in Serbia Imports of goods and services (% of GDP) in Serbia Imports of goods and services (US dollar) in Serbia Industry; value added (constant 2000 US dollar) in Serbia Industry; value added (current LCU) in Serbia Industry; value added (% of GDP) in Serbia Industry; value added (US dollar) in Serbia Manufacturing; value added (current LCU) in Serbia Manufacturing; value added (% of GDP) in Serbia Manufacturing; value added (US dollar) in Serbia Net current transfers from abroad (constant LCU) in Serbia Net current transfers from abroad (current LCU) in Serbia Net current transfers from abroad (US dollar) in Serbia Net income from abroad (current LCU) in Serbia
1107578521804.9 1021711673297.5 1905397391469.1 2179187567210.4 81.3 32599769380.5 1669.5 12.1 32599769380.5 23.9 9620181213.5 78.1 39088682459.4 1546.7 -7.4 39088682459.4 11.4 10714489001.8
623054715376.1 693927977781.8 1206774196368.7 1463426587543.9 51.5 52.4 20646905822.4 26249882315.7 555777049134.6 0.0 28.4 0.0 9508884451.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 136499300977.8 103828168792.2 232235755500.0 213643899000.0 3973000000.0 3834000000.0 -48511994562.4 -46941360418.0
Net income from abroad (US dollar) in Serbia -830000000.0 -842000000.0 Net taxes on products (current LCU) in Serbia 390568000000.0 434407690894.8 Net taxes on products (US dollar) in Serbia 6682294614.4 7792089374.4 Services; etc.; value added (constant 2000 US dollar) in Serbia Services; etc.; value added (current LCU) in Serbia 1145440300350.8 2356492309105.2 Services; etc.; value added (% of GDP) in Serbia 58.6 100.0 Services; etc.; value added (US dollar) in Serbia 19597533720.6 42269046031.0 Terms of trade adjustment (constant LCU) in Serbia -14768342472.1 -21517383139.0 Trade (% of GDP) in Serbia 80.9 82.1
Deposit interest rate (%) in Serbia Interest rate spread (lending rate minus deposit rate; %) in Serbia Lending interest rate (%) in Serbia Real interest rate (%) in Serbia Risk premium on lending (prime rate minus treasury bill rate; %) in Serbia
Economy
Over one-third of the world's raspberries are grown in Serbia.
With a GDP for 2010 estimated at $80.602 billion or $10,897 per capita PPP, Serbia is an upper-middle income economy by the World Bank. Foreign Direct Investment in 2006 was $5.85 billion or 4.5 billion. FDI for 2007 reached $4.2 Billion while real GDP per capita figures are estimated to have reached $6,781 in April 2009. The GDP growth rate showed increase by 6.3% in 2005, 5.8% in 2006, reaching 7.5% in 2007 and 8.7% in 2004 as the fastest growing economy in the region. According to Eurostat data, Serbian PPS GDP per capita stood at 37% of the EU average in 2008. The economy has a high unemployment rate of 14% and a unfavorable trade deficit. The country expects some major economic impulses and high growth rates in the next years. Given its recent high economic growth rates, which averaged 6.6% in the last three years, foreign analysts have sometimes labeled Serbia as the "Balkan Tiger". Apart from its free-trade agreement with the EU as its associate member, Serbia is the only European country outside the former USSR to have free trade agreements with the Russian Federation and, more recently, Belarus. Apart from its favorable economic agreements with both the East and West, such steps could be soon undertaken with Turkey and Iran. By doing this Serbia hopes to set up an export-oriented economy. Blue-chip corporations investing in Serbia include: US Steel, Philip Morris, Microsoft, Fiat, CocaCola, Lafarge, Siemens, Carlsberg and others. In the energy, Russian giants Lukoil and Gazprom have invested heavily. The banking sector has attracted investments from Banca Intesa Italy, Crdit Agricole and Socit Gnrale France, HVB Bank Germany, Erste Bank Austria, Eurobank EFG and Piraeus Bank Greece, and others. U.S. based Citibank, opened a representative office in Belgrade in December 2006. In the trade sector, biggest foreign investors are France's Intermarche, German Metro Cash & Carry, Greek Veropoulos, and Slovenian Mercator. Serbia grows about onethird of the world's raspberries and is the leading frozen fruit exporter.
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