Current Account in Serbia

Serbia Current Account | Economic News & Forecasts

Serbia - Current Account

GDP growth should have accelerated in the second quarter, supported by stronger construction activity on key infrastructure projects, which likely boosted investment. Moreover, favorable financial conditions, a tighter labor market and rising wages should have supported private consumption. That said, weak industrial production—which was battered by the effects of the tariffs from Kosovo, weaker demand from the EU and factory maintenance—dragged on growth in the quarter. Available data points to a promising start for the third quarter. Industrial production recovered in July, after contracting nine times in the last year, thanks to a sharp rebound in manufacturing. Likewise, merchandise exports also rebounded in the same month, underpinned by strong demand from Germany and CEFTA countries.

Serbia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-5.8  -5.6  -3.5  -2.9  -5.2  

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Serbia Current Account Chart

Serbia Current Account
Note: Current account balance as % of GDP.

Serbia Facts

Bond Yield3.100.0 %Sep 04
Exchange Rate106.4-0.31 %Sep 04
Stock Market1,589-0.44 %Sep 04

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