Why Serbia?

GDP Growth Rate

Economic Progress › Last year was marked with a continuing macroeconomic stabilization, record FDI, and international reform acknowledgements.

Gross Domestic Product › For the third consecutive year, Serbia had one of the Europe’s fastest growing economies with the GDP growth rate estimated at 5.8%. GDP per capita reached $4,028, while the average net monthly salary amounted to €258, partly due to the local currency appreciation against euro. The major growth drivers were telecommunications, construction, and transport with the respective rates of 38.7%, 11.8%, and 11.4%, while industrial production recorded a 4.4% upswing.

An increase in retail trade amounting to 6.5% reflects a rising purchasing power. In 2006, real net average salaries were up by 11.4% against the previous year. In tandem with strong household credit expansion in the banking sector, they fuelled massive local demand and private consumption.

Inflation Rate

As a result of a restrictive monetary policy, 2006 inflation returned to single digits. On a year-on-year basis, it stood at 6.6%.

Source: National Bank of Serbia