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Indicators of economy in Serbia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.912 US Dollar per capita. In contrast, the GDP in Serbia reached 7.731 US dollars per inhabitant, or 53.34 bn US Dollar in the whole country. Serbia is therefore currently ranked 85 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Serbia is in the list of the world's richest countries in place 71.

Inflation in Serbia was in 2021 at around 4.09%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 49.4% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Serbia

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Serbia in 2020 increased from 51.51 billion US Dollar to 53.34 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 3.5 percent increase has been rather unusual this year. While most countries have suffered significant losses, Serbia has certainly held its own. The tourism sector alone slumped by around 29 percent. Fortunately, the unemployment rate actually fell from 10.4 to 9.0 percent. The inflation rate has fallen from 1.8 percent previously to 1.6 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Serbia
Total
Serbia
per capita
EU
Total
EU
per capita
GDP53.34 bn USD7,730.69 USD15,291.93 tn USD29,710.69 USD
Gross national product51.27 bn USD7,431.97 USD15,330.84 tn USD29,786.28 USD


Serbia ranked 48th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.

Development of the Gross domestic product in billion US Dollar 1995 - 2020



Im- and Exports 2020

 Serbia
Total
Serbia
per capita
EU
Total
EU
per capita
Imports30.18 bn USD4,374.02 USD7,340.01 bn USD14,260.90 USD
Exports25.50 bn USD3,696.08 USD7,939.04 bn USD15,424.75 USD


Development of imports and exports in billion US dollars 2007 - 2020

Exports
Imports



Serbia: AirportsLargest airports and airlines in SerbiaThe biggest airports and 2 airlines in Serbia with further information and data
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