Public Debt in Serbia

Serbia Public Debt | Economic News & Forecasts

Serbia - Public Debt

Following stellar growth in Q2, high frequency data for Q3 suggests that the economy lost some steam. Industrial production barely grew in August amid plunging energy output, while retail sales growth cooled on average in July and August amid rising price pressures. Softening growth in goods imports in the same two months further highlights cooling momentum in the domestic economy. Foreign demand seemingly also waned as merchandise export growth eased in July–August. Meanwhile, despite resurging tensions with Kosovo, Serbia recently began construction of the Nis-Plocnik highway, which will connect the Serbian city of Nis with Kosovo’s Pristina. Lastly, in late October the government approved the sale of an area of land to a Turkish firm, which will be used to build a EUR 16.7 million factory for automotive cooling systems. This should buoy employment, investment and industrial activity ahead.

Serbia - Public Debt Data

2015   2016   2017   2018   2019  
Public Debt (% of GDP)69.5  67.6  59.3  53.7  52.0  

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Note: Public debt as % of GDP.
Source: Ministry of Finance

Serbia Facts

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

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