Serbia banks

Serbia – short facts

  • Serbia is located the central Balkans between Central and Southeast Europe
  • total area: 88,361  sq km
  • Population (2011): 7,186,862 (growth rate: 1.112%)
  • Capital: Belgrade, 1,23 million
  • Monetary unit: Serbian dinar (ISO code: RSD)
  • Languages: Serbian

Economic summary:

  • GDP/PPP (2013): $81.125 billion[3] (76th) - Per capita$11,268 (excluding Kosovo)[3] (82nd)
  • Real growth rate:(2012) - 1.7%
  • Inflation : 8,17% (average 2007-2014)
  • Unemployment: 20,1 %
  • Labor force (2011): 2.96 million
  • Major trading partners:Italy, Germany, Russia, Bosnia and Herzegovina, Montenegro, China

Economic environment

The Serbia economy is in upper-middle income Serbia range and has an emerging market economy .

Facts for Serbian success:

  • attracted over $25 billion in foreign direct investment
  • Free trade agreements with the most important organizations
  • An attractive taxation
  • Easy access to Russia markets.
  • A young, educated and highly skilled workforce.
  • Serbia has negative economic growth
  • Workforce is highly skilled, motivated and English speaking.
  • Labor costs in Serbia are attractive.
The national minimum wage is currently € 1 per hour.

If you have questions about Serbia, do not hesitate to contact us.