Public Debt in Serbia

Serbia Public Debt | Economic News & Forecasts

Serbia - Public Debt

The latest data points to a modest economic performance in 2017. A flash estimate released by the Statistical Institute on 29 December showed that in annual terms, the economy grew 1.9% in 2017, compared to 2.8% in 2016. Comprehensive data confirmed growth of 2.1% in the third quarter of 2017 over the same period in 2016, supported by higher levels of private consumption and fixed investment. However, the external sector detracted more from year-on-year growth in Q3 than it did in the previous quarter. Meanwhile, high-frequency data releases, such as those for industrial production growth in October and November, point to resilient economic growth in Q4. On 15 December, the National Assembly approved the government’s proposed 2018 budget, which includes increases in public sector compensation and investment. On the same day, both Fitch Ratings and S&P Global Ratings upgraded the country’s long-term sovereign credit ratings from BB- to BB on the back of improved public finances.

Serbia - Public Debt Data

2012  2013  2014  2015  2016  
Public Debt (% of GDP)51.6  56.8  67.9  71.9  70.2  

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

Serbia Facts

Bond Yield4.750.0 %Dec 06
Exchange Rate101.3-0.31 %Dec 06
Stock Market1,644-0.44 %Dec 06

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