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Currency | Serbian dinar (RSD, дин) |
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Calendar year | |
Trade organisations | CEFTA, BSEC, AIIB, Open Balkan, World Bank, IMF, WTO (Observer) |
Country group | |
Statistics | |
Population | 6,641,197 (2023)[3] |
GDP | |
GDP rank | |
GDP growth |
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GDP per capita | |
GDP per capita rank | |
GDP by sector |
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GDP by component |
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5% (2024)[6] | |
Population below poverty line | |
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Labour force | |
Labour force by occupation |
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Unemployment | |
Average gross salary | RSD 140,532 / €1,200 / $1,303 monthly (May 2024)[18] |
RSD 100,170 / €856 / $931 monthly (May 2024)[18] | |
Main industries | motor vehicle, base metals, food processing, machinery, chemicals, tires, pharmaceuticals |
External | |
Exports | ![]() |
Export goods | motor vehicles ($2.42bn), electrical machines ($2.033bn), non-ferrous metals ($2.005bn), rubber and plastics products ($1.670bn), chemicals and chemical products ($1.193bn) |
Main export partners |
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Imports | ![]() |
Import goods | chemicals and chemical products ($2.408bn), general purpose machinery ($2.100bn), petroleum and natural gas ($1.977bn), motor vehicles ($1.818bn), basic metals ($1.740bn), |
Main import partners |
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FDI stock |
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Gross external debt | ![]() |
Public finances | |
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-3.326 billion (2022 est.)[22] | |
Revenues | 21.159 billion (2022 est.)[22][note 1] |
Expenses | 24.485 billion (2022 est.)[22] |
Economic aid | €2.6 billion of EU IPA (2001–2014)[23] €1.5 billion of EU IPA (2014–2020)[24] €14.2 billion of EU IPA III (2021–2027) (Includes Western Balkans and Turkey),[25] €2 billion non-refundable funds €4 billion credit lines (IPA 2021-2027) |
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All values, unless otherwise stated, are in US dollars. |
Economy of Serbia |
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Overview |
Sectors |
Serbia topics |
The economy of Serbia is a service-based upper-middle income economy in the Central Europe, with the tertiary sector accounting for two-thirds of total gross domestic product (GDP). The economy functions on the principles of the free market. Nominal GDP in 2024 is projected to reach $81.873 billion, which is $12,385 per capita, while GDP based on purchasing power parity (PPP) stood at $185.014 billion, which is $27,985 per capita.[4] The strongest sectors of Serbia's economy are energy, the automotive industry, machinery, mining, and agriculture.[32] The country's primary industrial exports are automobiles, base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes, and pharmaceuticals.[22] Trade plays a major role in Serbian economic output. The main trading partners are Germany, Italy, Russia, China, and neighbouring Balkan countries.[22]
Belgrade is the capital and economic heart of Serbia and home to most major Serbian and international companies operating in the country, as well as the National Bank of Serbia and the Belgrade Stock Exchange. Novi Sad and Niš are the second and third largest cities respectively and the most important economic hubs after Belgrade.
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