Serbia

Serbia

We offer a data-driven country report for Serbia that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Serbia.

Its population in 2018 was 8,762,027 [1]

In 2015, 21.17% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 7.39% [2]

In 2021 it had a negative Current
Account Balance of US$bn 2.77 [3]

Its unemployment rate in 2021 was 10.09% [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2020 was 0.91% [2]



What free trade areas or economic unions is it a member of?

Member of the Organization of the Black Sea Economic Cooperation (BSEC) since 01/01/2004

Other members:

Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Republic of Moldova, Romania, Russian Federation, Türkiye, Ukraine


What trade deals are there between Organization of the Black Sea Economic Cooperation and other countries and economic unions?

None


What trade deals are there with other countries and economic unions?

Protocol on Trade Negotiations (from 11/02/1973)

Central European Free Trade Agreement (from 01/05/2007)

Türkiye - Serbia free trade agreement (from 01/10/2010)

EFTA - Serbia Free Trade Agreement (from 01/10/2011)

EU - Serbia Stabilisation and Association Agreement (from 01/09/2013)

EAEU - Serbia Free Trade Agreement (from 01/10/2019)

UK - Serbia free trade agreement (from 01/01/2021)

EAEU - Serbia free trade agreement (from 10/07/2021)

President of Montenegro Milo Đukanović: Visions of Europe by Its Best Pupil

Last September, the European Union launched its own Belt and Road Initiative, connecting Europe with Asia. The announcement of Brussels’ tentative response to Beijing’s grand strategy was barely noticed as
Read more

World Bank Group, FAO Aim to Boost Women’s Land Ownership in Central Europe

Women’s land ownership in the Western Balkans often involves a complex web of statutory, customary, and religious laws. World Bank and FAO teams worked with national partners to devise 11-month
Read more

World Bank Supports SME Development with Focus on Financial Reporting in Europe and Central Asia

Ministers of Finance, business leaders, accounting professionals, and academics from Europe and Central Asia, together with representatives of the World Bank and key EU and international institutions in financial reporting
Read more

World Bank Group: Spurring Job Growth in the Western Balkans – Research and Innovation

By Paulo Correa and Christopher Colford Promoting economic growth and job creation requires innovative industries that can make imaginative use of business opportunities springing from new technologies and research and development (R&D)
Read more

Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

CFI

Published by
CFI
5 years ago

Recent Posts

UK Inflation Rate

4 years ago

UK Global Trade By Country – Imports (million £)

4 years ago

UK Global Trade By Country – Exports (million £)

4 years ago

Total Investment by Country (percent of GDP)

4 years ago

Foreign Direct Investment (FDI) net inflows by country from 2013 to 2020 (percent of GDP)

4 years ago

Imports of Goods and Services by Country (percent of GDP)

4 years ago