Serbia boasts strong GDP growth but faces continued political instability and corruption.

Serbia's Economic Structure

• GDP: $41.44 billion
• Real GDP growth rate: 7% (2007 est.)
• Inflation: 11.2% (2007 CPI est.)
• Current Account Balance: 8.9%
• High unemployment rate: 18.8% (2007 est.)
• Increase in economic growth rate after ousting Milosevic in 2000
• Political instability due to unresolved Kosovo issue
• Serbia has a large amount of foreign debt and a high export deficit
• Country is making attempt to dramatically increase exports
• Major goal is to gain admission to EU
• EU is Serbia’s most important trading partner

Serbia's Demographics:

• Median age
• Male: 36.1 years
• Female: 39 years
• Sex Ratio
• Under 15 years: 1.07 male(s)/female
• 15 – 64 years: 0.97 male(s)/female
• 65 years and older: 0.68 male(s)/female
• Highest malnutrition rate in Eastern Europe as of 2003
• 9% of population undernourished, compared to 2.5% in Germany, Ukraine, Poland, United States, etc.

Serbia's Industry Sector:

• Exporter of manufactured goods, food, and live animals
• In last 10 years, EU has contributed money to increasing livestock inspections, food safety, and lab modernization
• EU also contributing to infrastructure development
• Serbia is looking to become a regional hub for air transportation
• Serbia will import environmental technology to fulfill its EU admission requirements
• Will see increase in unleaded gasoline, filters, etc.
• Telecom is Serbia’s fastest-growing industry
• Annual growth-rate of 18.3% in telecom sector

---
Copyright (C) 2008.  SIS International Research, Inc.
Disclaimer: Under no circumstances will SIS, it affiliates, successors or assigns be liable for any loss or damage caused by anyone's reliance on information contained in this web site.  Refer to this website's disclaimer page for full description of limitations.