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COUNTRY OUTLOOK / RS

Serbia

Central bank policy rate · ISO:RS

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Forecast availableTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalBelgrade
RegionEurope & Central Asia
Income groupUpper middle income
CurrencySerbian dinar
GDP$99.95B2025 · current US$
Real GDP growth2.03%2025 · annual %
Population6.55M2025 · people
GDP per capita$15,262.052025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Serbia's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:RS
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

2.03% · 2025 · annual %

Real GDP growth · annual %-1.80%3.07%7.95%2014: -1.80427041681132 annual %2015: 1.2957386351958 annual %2016: 2.97519807160826 annual %2017: 2.3634031250553 annual %2018: 4.64935035491007 annual %2019: 4.75020793899014 annual %2020: -0.950023991851594 annual %2021: 7.94905650472278 annual %2022: 2.70347705543654 annual %2023: 3.74793303561771 annual %2024: 3.94992622592932 annual %2025: 2.03039196235113 annual %20142025
View annual observations
YearValue (annual %)
20252.030
20243.950
20233.748
20222.703
20217.949
2020-0.950
20194.750
20184.649
20172.363
20162.975
20151.296
2014-1.804
World Bank source & definition ↗

Economy

GDP$99.95B2025 · current US$Source & definition ↗
Real GDP growth2.03%2025 · annual %Source & definition ↗
GDP per capita$15,262.052025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 222.08B2025 · current international $Source & definition ↗

People

Population6.55M2025 · peopleSource & definition ↗
Population growth-0.57%2025 · annual %Source & definition ↗
Urban population62.64%2025 · % of populationSource & definition ↗
Life expectancy75.972024 · yearsSource & definition ↗
Unemployment · ILO estimate7.12%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+59.14%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing3.29%2025 · % of GDPSource & definition ↗
Industry including construction22.31%2025 · % of GDPSource & definition ↗
Services59.73%2025 · % of GDPSource & definition ↗
Manufacturing12.69%2024 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services54.31%2025 · % of GDPSource & definition ↗
Imports of goods & services58.61%2025 · % of GDPSource & definition ↗
Current account balance-4.90%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows3.94%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation3.89%2025 · annual %Source & definition ↗
Central government debtNot available% of GDP
Tax revenue23.89%2022 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector35.36%2025 · % of GDPSource & definition ↗
Total reserves including gold$34.15B2025 · current US$Source & definition ↗

Infrastructure

Internet use87.69%2024 · % of populationSource & definition ↗
Access to electricity100.00%2024 · % of populationSource & definition ↗

Geography

Surface area84,9902023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

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Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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