Economy of Serbia

Real GDP - PPP: $28.37 Billion (2005)

Real GDP - Exchange rate conversion for SCG: $25.46 Billion (2005), $22.73 Billion for Serbia (Central SR and AP Vojvodina)

GDP Per Capita - PPP: $2600 (Expected for 2005)

Real GDP Per Capita - Non PPP: $3200 (2005)

GDP growth rate: 7% (2004), 4% predicted for 2005 [1]

Real GDP growth rate in Q1 2005: 5.6%

Real GDP growth rate in Q2 2005: 7.3%

Real GDP growth rate in Q3 2005: 6.4%

Real GDP growth rate in Q4 2005: 5.9%

Total growth for 2005: 6.3%

Source: http://www.srbija.sr.gov.yu/vesti/vest.php?id=22094

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%

Industrial production growth rate January 2006: 0.8%

Industrial production growth rate February 2006: 10.0%

Source: http://www.srbija.sr.gov.yu/vesti/vest.php?id=22005&q=industrial+production

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)

Trade, 2006 (January and February)

Export: $682.2 Million (14.8% increase)

Import: $1490.2 Million (32.5% increase)

Total trade: $2172.4 Million (26.4% increase)

Balance of trade: -$808 Million (52.3% increase)

Source: http://www.srbija.sr.gov.yu/vesti/vest.php?id=22107

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 / Real GDP ($ Millions - in 2002 dollars) / Real 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)

Source: www.nationmaster.com