External Debt in Serbia
Serbia - External Debt
Available data points to a recovery in the third quarter, after the economy contracted at the sharpest rate in over two decades in the second quarter due to the blow from the Covid-19 pandemic. Industrial production gained considerable traction in August, expanding at the fastest rate in six months as manufacturing output rebounded. Moreover, retail sales grew robustly in July–August, while economic sentiment strengthened in September on improved consumer and retail trade confidence, boding well for household spending in the quarter. That said, tourist arrivals fell by over 40% year-on-year in July–August, which will have weighed on activity in Q3. In other news, on 25 September, Fitch Ratings affirmed its BB+ credit rating and stable outlook, highlighting that the country’s policy response to the Covid-19 pandemic should lay the foundations for a firm recovery ahead.Serbia - External Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 71.9 | 68.8 | 69.4 | 60.3 | 62.1 |
Serbia External Debt Chart
Source: National Bank of Serbia
Serbia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.05 | 0.0 % | Dec 31 |
| Exchange Rate | 104.9 | -0.31 % | Jan 01 |
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Economic News
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Serbia: Business confidence inches down in September but remains elevated
October 12, 2020
Consumer prices fell 0.5% month-on-month in September, down from the 0.1% drop recorded in August.
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Serbia: Central Bank leaves interest rate unchanged in October
October 8, 2020
At its 8 October meeting, the Executive Board of the National Bank of Serbia (NBS) decided to maintain the key policy rate at the all-time low of 1.25%, marking the fourth consecutive hold. The decision reflected the Board’s assessment that the monetary policy action taken so far is sufficient to mitigate the blow from Covid-19.
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Serbia: Industrial output grows at quickest pace since February in August
September 30, 2020
Industrial output rose 4.2% compared to the same month a year earlier in August, which followed July's 0.4% increase and marked the strongest expansion since February. Looking at the details of the release, August's pick up was broad-based, with mining and quarrying; electricity, gas, steam and air conditioning; and, manufacturing output gaining traction.
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Serbia: Inflation moderates in August
September 11, 2020
Consumer prices fell 0.12% from the previous month in August, swinging from the 0.22% rise logged in July and marking the sharpest fall in prices since May.
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Serbia: National Bank of Serbia leaves rate unchanged in September
September 10, 2020
At its meeting on 10 September, the Executive Board of the National Bank of Serbia (NBS) held the key policy rate unchanged at the historic low of 1.25%.
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