Public Debt in Serbia
Serbia - Public Debt
Following the economy’s robust performance in the second quarter, available data for the third quarter suggests momentum broadly held up. Sustained wage growth in July above the rate of inflation and favorable credit conditions should have supported household spending in the third quarter. Similarly, retail sales growth accelerated to a seven-month high in August on robust sales of non-food items, a sign of consumers’ rising disposable income. Moreover, tourist arrivals continued to expand at a double-digit pace in the same month. In addition, construction activity, which has been supported by strong residential investment, appears to have gained stride, as indicated by building permits data for July. Conversely, industrial production fell sharply in August on broad-based declines, while export growth weakened in the same month, causing the trade deficit to widen further.Serbia - Public Debt Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 59.6 | 70.4 | 74.7 | 71.9 | 61.5 |
Source: Ministry of Finance
Serbia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.65 | 0.0 % | Oct 11 |
| Exchange Rate | 102.3 | -0.31 % | Oct 12 |
| Stock Market | 1,539 | -0.44 % | Oct 12 |
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Economic News
Serbia: NBS stands pat in October
October 8, 2018
At its 8 October monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for the last seven months. The Bank’s decision was mainly guided by well-anchored inflation expectations.
Serbia: Industrial production falters in August
September 28, 2018
According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 4.3% over the same month last year, contrasting the 1.7% increase recorded in July and ending an over one-year run of consecutive expansions.
Serbia: Inflation rises in August
September 12, 2018
Consumer prices increased 0.3% from the previous month in August, contrasting July’s 0.3% decrease.
Serbia: National Bank of Serbia leaves key policy rate on hold in September
September 6, 2018
At its 6 September monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate on hold at 3.00%, where it has been since April.
Serbia: Industrial output growth dims in July
August 31, 2018
In July, industrial production expanded 1.7% over the same month last year, according to figures released by the Statistical Office of the Republic of Serbia.
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