IFED
For Governments& ChambersFor Banks& InvestorsFor Corporates& SMEsFor Philanthropists& RoyaltyFor Start-Ups& YouthIntelligence Centre

    Serbia

    Continent
    Europe
    Capital
    Belgrade (Beograd)
    Population
    6,652,212
    Sub-Zones
    30
    General Information
    Basic details about Serbia
    Population:
    6,652,212
    Area:
    77,474 sq km
    Currency:
    Serbian dinars
    Languages:
    Serbian, Hungarian 3.4, Bosnian 1.9, Romani 1.4, other 3.4, undeclared or unknown 1.8
    Economic Overview
    Key economic indicators for Serbia
    GDP:
    $172.402 billion
    GDP per Capita:
    $26,000
    GDP Growth:
    3.85%
    Inflation:
    12.37%
    Unemployment:
    8.68%
    Public Debt:
    62.5% of GDP
    Credit Rating:
    BB+ (2019)
    Political System
    Governance structure of Serbia
    Government Type:
    parliamentary republic
    Head of State:
    President Aleksandar VUCIC (since 31 May 2017)
    Head of Government:
    Prime Minister Milos VUCEVIC (since 2 May 2024)
    Judiciary:
    Supreme Court of Cassation (consists of 36 judges, including the court president); Constitutional Court (consists of 15 judges, including the court president and vice president)
    Administrative Divisions:
    117 municipalities (opstine, singular - opstina) and 28 cities (gradovi, singular - grad)

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    Yes
    Diplomatic Presence:
    1333 16th Street, NW Washington, D.C. 20036

    Major Alliances and Organizations

    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    3.8% (2023 est.)
    Industry
    24% (2023 est.)
    Services
    57.6% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $44.343 billion
    Imports:
    $48.216 billion

    Major Trading Partners

    Germany 15
    Hungary 7
    Bosnia & Herzegovina 5
    Italy 5
    Romania 5

    Economic Outlook

    Serbia has a 3.85% GDP growth rate with 12.37% inflation. The economy is characterized by a strong agriculture sector.