Macroeconomic Data 2007
GDP, $ billion: 56.89
GDP per capita: $ 5,641
GDP, real growth rate: 7.5%
Core inflation (relative to the same month a year earlier): 5.4%
Export of goods and services,
$ million: 11,798
Export growth rate: 34.6%
Import of goods and services,
$ million: 20,647
Import growth rate: 36.9%
Balance of goods and services,
$ million: - 6.889
FDI, $ million: 99.5
Serbia: Economic Figures
Belgrade, Serbia’s capital, has been awarded as the »City of the Future« for 2006/07. It was chosen among the most developed cities in the region based on the economic potential, cost effectiveness, HR, IT and telecommunications, transport, quality of life, and FDI promotion. Also, thriving real estate around Serbia offers first class business and residential premises, health care is provided in state and private institutions, and extremely favourable personal taxation together with excellent international schools makes this country the right choice for leading expatriates.
The year 2007 was marked with a continuing macroeconomic stabilization, record FDI, and international reform acknowledgements. For the third consecutive year, Serbia had one of Europe’s fastest growing economies. The major growth drivers were telecommunications, construction, and transport with the respective rates of 38.7%, 11.8%, and 11.4%, while industrial production recorded a 4.4% upswing. An increase in retail trade amounting to 6.5% reflects a rising purchase power. In tandem with strong household credit expansion in the banking sector, they fuelled massive local demand and private consumption.
Massive influx of FDI resulted in sharp local currency appreciation. Since the beginning of the year EUR recorded the lowest value on January 1st when 1 EUR amounted to 79.23 RSD. According to the official middle rate of the National Bank of Serbia, one Euro is worth approximately RSD 83.
It is estimated that in 2008 GDP will reach $ 81.892 billion.
