Economy of Serbia

Economy of Serbia
	Belgrade, the financial centre of Serbia
Currency	Serbian dinar (RSD, дин)
Fiscal year	Calendar year
Trade organisations	CEFTA
Country group	Developing/Emerging; High income economy;
Statistics
Population	6,567,783 (2025)
GDP	$112.11 billion (nominal; 2026); $225.55 billion (PPP; 2026);
GDP rank	71st (nominal; 2026); 78th (PPP; 2026);
GDP growth	2% (2025); 3.6% (2026f); 4.6% (2027f); 3.8% (2028f);
GDP per capita	$17,290 (nominal; 2026); $34,790 (PPP; 2026);
GDP per capita rank	66th (nominal; 2026); 66th (PPP; 2026);
GDP by sector	services: 58.8%; industry: 23.1%; agriculture: 3.2% (2024);
GDP by component	Private consumption: 63.1%; Public consumption: 10.1%; Investments: 24.2% (2020);
Inflation (CPI)	2.4% (January 2026)
Population below poverty line	19.7% (2024); 24.3% at risk (2024);
Gini coefficient	31.9 medium (2024)
Human Development Index	0.833 very high (2023, 62nd); 0.772 high (2023, IHDI 45th);
Corruption Perceptions Index	33 out of 100 points (2025, 116th)
Labour force	3,105,100 (2025); 50.5 % employment rate (2025);
Labour force by occupation	services: 57.1%; industry: 28.9%; agriculture: 13.9% (2021);
Unemployment	8.9% (Q4 2025); 23.3% youth (Q4 2025);
Average gross salary	RSD 169,921 / €1,447 / $1,705 monthly (Dec 2025)
Average net salary	RSD 124,089 / €1,057 / $1,245 monthly (Dec 2025)
Main industries	motor vehicle, base metals, food processing, machinery, chemicals, tires, pharmaceuticals
External
Exports	$37.314 billion (2025)
Export goods	motor vehicles ($2.42bn), electrical machines ($2.033bn), non-ferrous metals ($2.005bn), rubber and plastics products ($1.670bn), chemicals and chemical products ($1.193bn)
Main export partners	EU 62.4% Germany 15.4%; Italy 6.8%; Hungary 4.6%; Romania 4.2%; Czechia 4.1%; Bulgaria 3.4%; Croatia 3.1%; Poland 2.8%; ; Bosnia and Herzegovina 6.2%; China 5.6%; Montenegro 4.4%; Turkey 3.7%; North Macedonia 3.2%; Others 14.5%; (2025);
Imports	$47.227 billion (2025)
Import goods	chemicals and chemical products ($2.408bn), general purpose machinery ($2.100bn), petroleum and natural gas ($1.977bn), motor vehicles ($1.818bn), basic metals ($1.740bn),
Main import partners	EU 55% Germany 11.7%; Italy 6.6%; Hungary 4.5%; Poland 3.6%; ; China 15.4%; Turkey 5.2%; Russia 3%; (2025);
FDI stock	$52.554 billion (2021 est.); Abroad: NA;
Current account	-$913 million (2021)
Gross external debt	$34.4 billion (2023)
Public finances
Government debt	47.7% of GDP (2024)
Foreign reserves	$34 billion (2025)
Budget balance	-$3.326 billion (2022 est.)
Revenues	$21.159 billion (2022 est.)
Expenses	$24.485 billion (2022 est.)
Economic aid	€2 billion of EU IPA (2021–27)
Credit rating	S&P; BBB-; Outlook: Positive (2025); Moody's:; Ba2; Outlook: Positive (2025); Fitch:; ; BB+; Outlook: Positive (2025); Scope:; BB+; Outlook: Stable (2025);
	All values, unless otherwise stated, are in US dollars.

The economy of Serbia is a developing mixed economy. Serbia has a significant manufacturing base, focused mainly on machinery, automobiles, energy, and mining. The Serbian economy's core exports include base metals, furniture, chemicals, tires, and pharmaceuticals. Highly dependent on international trade in Europe, key trading partners include the EU, its neighbors, as well as China, Turkey and Russia. The capital city and financial centre is Belgrade, with Novi Sad and Niš being important economic hubs.