Trade Balance in Serbia

Serbia Trade Balance | Economic News & Forecasts

Serbia - Trade Balance

The pace of economic growth moderated notably in the first quarter, and the breakdown of components calls for caution regarding future growth. Fixed investment growth moderated sharply in Q1 and, while inventory build-up stimulated growth significantly, it is likely that destocking in the later stages of the year will weigh on economic activity. On the other hand, household spending growth remained upbeat, seemingly undeterred by rising price pressures. Turning to the second quarter, inflation rose further in April and is unlikely to have peaked; producer price inflation also intensified in April. More positively, merchandise exports expanded robustly in the same month. Meanwhile, political pressure on Serbia is building. While most of Europe is turning away from Russian oil and gas, the government signed a new three-year gas supply deal with Russia in late May.

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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