Economy of Serbia

Encyclopedia : E : EC : ECO : Economy of Serbia

GDP and growth

Gross Domestic Product
Real GDP PPP: .15 billion (2005 est.) (Source: CIA [link]) .46 billion (2005 est.; for former Serbia and Montenegro) (Source: IMF [link])
Real GDP Per Capita - PPP: ,400 (2005 est.) (Source: CIA [link]) ,203 (2005 est.; for former Serbia and Montenegro) (Source: IMF [link])
Real GDP - exchange rate conversion: .19 billion (2005 est.; excl. Kosovo) (Source: CIA [link]) .59 billion (2005 est.; for former Serbia and Montenegro) (Source: IMF [link])
Real GDP Per Capita - exchange rate conversion: 83.76 (2005 est.; for former Serbia and Montenegro) (Source: IMF [link])
Real GDP growth rate 2005: 5.9% (2005 est.; excl. Kosovo) (Source: CIA [link])

Other statistics
Industrial production growth rate: 7.1% (2004), 1.3% (2005)
Unemployment rate: 20.0% (2005) (31.6% with Kosovo)
Inflation: 15.5% (2005)
Foreign debt: .43 Billion (2005)
Direct foreign investment received for 2005: 481 Million (Source: NBS [link])

Real GDP growth rate in Q1 2005: 5.3%

Real GDP growth rate in Q2 2005: 6.8%

Real GDP growth rate in Q3 2005: 5.6%

Real GDP growth rate in Q1,Q2 and Q3 2005: 5.9%

Industrial production growth rate for 2004: 7.1%

Industrial production growth rate March 2005: -6.2%

Industrial production growth rate April 2005: 0.9%

Industrial production growth rate May 2005: -3.5%

Industrial production growth rate June 2005: -2.3%

Industrial production growth rate July 2005: -1.1%

Industrial production growth rate August 2005: 8.3%

Industrial production growth rate September 2005: 6.3%

Industrial production growth rate October 2005: 5.2%

Industrial production growth rate November 2005: 2.8%

Industrial production growth rate December 2005: 0.3%

Total for 2005: 1.3%

Employment by sector (2005): Tertiary: 57.9%; Secondary: 25.5%; Primary: 16.6%; Total labourforce: 3.22 Million; Unemployment rate: 32.60%; Average income: $5,368

Government budget (2005): Revenues: $11.45 Billion; Expenditures: $11.12 Billion

Trade in 2004: Export: $3 701 Million (34.3% increase); Import: $11 139.2 Million (49.1% increase); Total trade: $14 820.2 Million (31.1% increase); Balance of trade: -$7 438.2 Million

Trade, 2005: Export: $4 080 Million (31.1% increase); Import: $9 540 Million (4.7% increase); Total trade: $13 630 Million (11.4% increase); Balance of trade: -$5 450 Million (9% decrease in deficit)

Other statistics: Inflation: 13.7% (2004), 16.5% for 2005; Foreign debt: $12.97 Billion (45.7% of GDP); Total estimated foreign investment for 2005: $1.5 - $2.0 Billion; Privatisation receipts for 2005: $774 Million; Foreign currency reserves: $5.05 Billion

GDP trends over the past 10 years: Year / 0fficial exchange rate GDP ($ Millions) / GDP growth rate:; 1995: $21 315 / 5.7%; 1996: $22 296 / 4.6%; 1997: $23 946 / 7.4%; 1998: $24 521 / 2.4%; 1999: $20 728 / -18.3%; 2000: $21 909 / 5.7%; 2001: $23 158 / 5.7%; 2002: $23 922 / 3.3%; 2003: $24 281 / 1.5%; 2004: $25 980 / 7.0%

Estimates for next four years: 2005: $27 669 / 6.5%*; 2006: $29 191 / 5.5%; 2007: $30 650 / 5.0%; 2008: $32 336 / 5.5%

(*This has be revised to 6.5% due to strong growth being recorded in the first three quarters of 2005)