Trade Balance in Serbia

Serbia Trade Balance | Economic News & Forecasts

Serbia - Trade Balance

Although national accounts data for the fourth quarter is outstanding, preliminary data for 2021 as a whole showed that the economy rebounded strongly last year from 2020’s mild contraction. Growth in capital expenditure outlays and household spending should have buttressed economic activity in 2021. However, the full-year estimate and available data suggest that the economy lost some steam in the fourth quarter. Retail sales increased at a softer annual pace in October–November compared to the third quarter, likely impacted by a continued rise in price pressures in the same period—inflation reached an over eight-year high in November. Softer merchandise import growth further points to a slight cooldown in domestic demand. Meanwhile, faltering energy supplies amid bad weather and damage to power plants likely further constrained activity in the final stretch of the year.

Serbia - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-4.4  -3.5  -4.5  -6.0  -6.3  

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Serbia Trade Balance Chart

Serbia Trade
Note: Trade balance in USD bn.
Source: Central Statistical Office, Poland

Serbia Facts

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

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