COUNTRY PROFILE

REPUBLIC OF SERBIA: FACTS

  • Capital: Belgrade
  • Area: 77,474 sq km (excluding Kosovo)
  • Population: 6.7 million (excluding Kosovo)
  • Language: Serbian
  • Life expectancy: 71 years (men) 77 years (women)
Serbia’s Economy
Key economic indicators

GDP (billion $)

64,7 (2022-estimated)

GDP growth rate (%)

2,3 (2022)

Population (million)

6,84

GDP per capita ($)

9.221 (2021)

Inflation rate (%)

15,1 (2022-estimated)

Unemployment rate (%)

8,9 (2022-estimated)

Exports (billion $)

29,1 (2022)

Imports (billion $)

41,1 (2022)

Main export items :electrical machinery and equipment, machinery, mechanical equipment and tools, plastics and their products, iron and steel, rubber and rubber goods.

Main import items: electrical machinery and equipment, machinery, mechanical equipment and tools, mineral fuels, oils, plastics and its products, motor vehicles, pharmaceutical products

Main export countries of Serbia: Germany, Italy, Bosnia and Herzegovina, Romania and Hungary

Main import countries of Serbia: Germany, China, Italy, Russia and Türkiye

The Serbian economy is mainly based on foreign capital-supported manufacturing and exports. With its current economic policy, Serbia aims to achieve low inflation and stable high growth rates within macroeconomic stability.

The Serbian economy grew by 7.4% in 2021, and the growth rate in 2022 was announced as 2.3%. The per capita income is over 9 thousand dollars.