Trade Balance in Serbia
Serbia - Trade BalanceAlthough 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
|Trade Balance (USD billion)||-4.4||-3.5||-4.5||-6.0||-6.3|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Trade Balance Chart
Source: Central Statistical Office, Poland
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
January 13, 2022
At its first meeting of the new year on 13 January, the National Bank of Serbia (NBS) stood pat and left the key policy rate unchanged at the all-time low of 1.00%.
January 12, 2022
Consumer prices rose 0.40% in December over the previous month, easing from the 0.92% rise recorded in November.
December 30, 2021
Industrial output increased 7.0% in year-on-year terms in November, which was above October's 0.9% increase.
December 30, 2021
The Serbian economy rebounded strongly in 2021, according to preliminary data, as GDP is expected to have increased 7.5% over the previous year.
December 13, 2021
Consumer prices rose 0.92% in November over the previous month, easing slightly from the 0.94% rise recorded in October.