Unemployment in Serbia

Serbia Unemployment | Economic News & Forecasts

Serbia - Unemployment

The economy likely gained traction in the second quarter after its disappointing performance in the first quarter. FDI rose at a strong pace in H1, while merchandise export growth picked up in April–May. On the downside, however, industrial production declined in the same period, amid a feeble automotive sector and a period of factory maintenance, while EU-imposed steel import quotas could further stymie a weak mining sector in the short-term. In an effort to help spur growth moving forward, the government recently announced plans to issue euro-denominated bonds over the coming months to fund investment. Meanwhile, on 17 July the IMF completed its second review of Serbia’s Policy Coordination Instrument—a non-financial reform program—and commended Serbia on achieving greater macroeconomic stability and fiscal discipline.

Serbia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate22.1  19.2  17.7  15.3  13.5  

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Serbia Unemployment Chart

Serbia Unemployment
Note: Unemployment as % of active population (aop).
Source: Statistical Office

Serbia Facts

Bond Yield3.150.0 %Jul 31
Exchange Rate106.3-0.31 %Jul 31
Stock Market1,565-0.44 %Jul 31

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