Fiscal Balance in Serbia

Serbia Fiscal Balance | Economic News & Forecasts

Serbia - Fiscal Balance

Economic growth accelerated more than expected in the third quarter, as fixed investment grew at a seven-year high pace on the back of robust construction activity and an improving business climate. Public and private consumption also performed well in Q3. The economy likely extended its solid track record into the final quarter. Retail sales rose robustly in October–November, which, coupled with favorable credit conditions and rising wages, points to solid private consumption in the fourth quarter. Moreover, merchandise export growth gathered pace in the same period, while industrial production continued to recover in November after having contracted in H1. In other positive news, on 13 December, S&P Global Ratings upgraded Serbia’s credit rating to BB+ and affirmed its positive outlook, citing the country’s improving growth prospects due to solid export growth and rising FDI inflows.

Serbia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.1  -6.2  -3.5  -1.2  1.1  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance

Serbia Facts

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

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