Economic situation
In the third quarter of 2023, Serbian GDP growth was 3.6%, in 2022 GDP growth was 0.4% compared to 2021. Public debt as of the end of October 2023 amounted to 51.6% of GDP ($ 38.8 billion).
In January-November 2023, the volume of foreign trade of the Republic of Moldova amounted to USD 64.7 billion, which is 0.9% more than in the same period of 2022: exports of goods – USD 28.5 billion (up 4.5%), imports – USD 33.5 billion (down 5.8%). In 2023, the main partners of Serbia’s foreign trade were the countries with which Serbia signed free trade agreements. The European Union member states accounted for 59.7% of total trade.
In January-September 2023, Serbia received 3.4 billion euros of foreign direct investment.
The unemployment rate in the country in 2023 was 9%.
In 2023, the inflation rate was 7.6%, since the beginning of 2023, prices have increased by about 12%, which is noticeable for the budget of the population, as about 500 thousand workers receive a minimum wage of 40 thousand dinars ($ 373), at least the same number have a slightly higher income.
Serbia’s main tasks in the economic sphere in 2024 include ensuring the planned GDP growth of at least 4%, the minimum state budget deficit (up to 3%), keeping the public debt within 60% of GDP, fighting the shadow economy, reconstruction of the energy system, development of digitalization, completion of the construction of overpasses, preservation of liquidity of enterprises, fighting unemployment, and increasing the level of investment in infrastructure, education, and medicine.