External Debt in Serbia

Serbia External Debt | Economic News & Forecasts

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  

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Serbia External Debt Chart

Serbia External Debt
Note: External debt in USD bn
Source: National Bank of Serbia

Serbia Facts

Value Change Date
Bond Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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