Public Debt in Serbia

Serbia Public Debt | Economic News & Forecasts

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  

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

Serbia Facts

Bond Yield3.650.0 %Oct 11
Exchange Rate102.3-0.31 %Oct 12
Stock Market1,539-0.44 %Oct 12

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