GDP per capita (€) and annual growth (%)
in Serbia and the EU-28
Public finances, monetary and financial data
Serbia business environment and socio-economic indicators
Public debt (% of GDP)
Surplus/deficit (% of GDP)
GDP per capita
(left axis)
EU-28
Serbia
GDP growth
(right axis)
Serbia
EU-28
Serbia total unemployment and
female labour market participation
FDI and remittances to
Serbia and the EU-28
€
thousand
27.6
2.1%
3.0%
5.0
42%
43%
44%
45%
46%
47%
0%
5%
10%
15%
20%
25%
14.4%
45.8%
EU-28
Serbia
50
70
90
110
130
0%
5%
10%
15%
20%
121.3
3.4%
Remittances received (% of GDP)
FDI net inflows (% of GDP)
EU-28
Serbia
RS dinar/euro exchange rate (right axis)
Inflation rate RS (%, left axis)
Female labour force participation (right axis)
Total unemployment (left axis)
The Ease of Doing Business’s ‘distance to frontier’ score assesses the overall level of regulatory performance of a country. It ranges from 0=’lowest performance’ to 100=’the frontier’, the best performance observed worldwide each year.
The Human Development Index (HDI) measures the average achievement in key dimensions of human development. It is based on life expectancy at birth, average duration of education and GDP per capita. It ranges from 0 to 100. ‘High human development countries’ (UN) are in the range between 70 and 80.
The Corruption Perception Index measures the perceived levels of public–sector corruption worldwide. Scores range from 0 (highly corrupt) to 100 (very clean). In 2016, two thirds of countries scored below 50.
The GINI Index measures the deviation of the distribution of income among individuals or households within a country from a perfectly equal distribution. It is hence a measure of inequality in income distri-bution. A value of 0 represents absolute equality, a value of 100 absolute inequality.
Rank
77/180 66/188 43/190 19/142Score
Ease of Doing Business
Human Development Index*
Corruption Perception Index
GINI Index*
Worst Best Best Worst 100 100 100 0 0 0 77.6 73.1 41.0 100 0 29.7EU-28
(2017)7.7%
51.0%
Serbia: Economic indicators and trade with EU
EPRS | European Parliamentary Research Service EUI | European University Institute
Authors: Giulio Sabbati and Velina Lilyanova, Members’ Research Service
Caterina Francesca Guidi, Globalstat, EUI
PE 620.194 - April 2018
AT A GLANCE
Infographic
EU exports of goods to Serbia (2017)
EU imports of goods from Serbia (2017)
EU trade with Serbia
Main trade partners (2017)
Trade in goods (exports plus imports)
EU
US
Top EU partners (2017)
Trade in goods
EU exports to Serbia
EU imports from Serbia
Other
Aluminium
Optical
instruments
Paper
Iron and steel
Agri-food
Oil, gas, coal
Cars and trucks
Plastic and
rubber
Mechanical
appliances
and electrical
equipment
23.5% 10.7% 9.5% 8.5% 4.8% 2.9% 2.1% 1.9% 25.9% 10.1%Other
Copper
Clothing
accessories
Oil, gas, coal
Iron and steel
Plastic and rubber
Cars and trucks
Agri-food
Mechanical
appliances
and electrical
equipment
21.3% 11.8% 10.9% 25.3% 9.1% 7.0% 6.6% 4.1% 4.0%13
10
11
3
Imports
Exports
Imports
Exports
€ billion
4.1
3.4
2.5
2.0
1.3
1.3
1.2
1.1
1.0
0.8
EU imports from Serbia
EU export to Serbia
TOTAL TRADE
0
3
€ billion
Others
Other
APEC
Members
Serbia: 0.6%
Japan: 3.5%
Turkey: 4.1%
Russia: 6.2%
Switzerland
China
US
16.9%
15.3%
7.0%
15.6%
31.1%
EU
Serbia: 0.6%
Others
Turkey: 3.0%
China
BIH
Russia
EU-28
64.5%
6.7%
19.6
%
RS
4.9
%
5.0 %EU Financial assistance to Serbia under IPA II
(2014-2020 allocations)
Preferential loans to Serbia
EIB finance contracts signed in 2010-2017;
EBRD activity in Serbia to date.
565.0
543.0
210.0
190.0
Socio-economic and regional development Reforms in preparation for EU membership Agriculture and rural development Education, employment and social policies
€1 508
million
IPA II: Instrument for Pre-accession Assistance
EIB
EBRD
2 989
4 765
0
1 000 2 000 3 000 4 000 5 000
EIB
EBRD
€ million
Credit lines: 49% Energy Health Education Services Industry Transport Credit lines Transport: 21% Industry: 17% Education: 2% Services: 9% Energy: 0.1% Services: 2% € 2 989 million NotesGlobalStat is a project developed by the European University Institute’s Global Governance Programme (Italy) and the Francisco Manuel dos Santos Foundation (Portugal). Data sources for page 1: GDP figures, inflation and exchange rates are from IMF WEO (October 2017) and Eurostat (2018); Labour market data are from World Bank WDI based on ILO KILM (2017); FDI and remittances data are estimates from World Bank staff based on IMF BoP data (2017): 2006 remittances data for Serbia are not available; HDI and GINI are from UNDP HDR (2016) and are re-scaled (*) from 0 - 1 to 0 - 100 for better comparability - GINI is an average value computed on 2005-2013; CPI is from Transparency International (2017); Doing Business data are from the World Bank Group - Doing Business Unit (2017).
Data sources for page 2: EU trade with Serbia, Main trade partners (EU), Top EU partners (goods), EU exports of goods to Serbia (%) and EU imports of goods from Serbia (%) are from ComExt, Eurostat; Other APEC members = Australia, Brunei Darussalam, Canada, Chile, Hong Kong, Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Singapore, South Korea, Thailand and Vietnam; Trade in services are from Eurostat; Main trade partners (Serbia) are from IMF; EU Financial assistance to Serbia under IPA II (2014-2020 allocations) are from European Commission; EIB preferential loans to Serbia are from EIB (European Investment Bank).
The authors acknowledge the assistance of Nadejda Kresnichka-Nikolchova in preparing graphics, and Enrico Di Gaspero in collecting data for this publication. This document is prepared for, and addressed to, the Members and staff of the European Parliament as background material to assist them in their parliamentary work. The content of the document is the sole responsibility of its author(s) and any opinions expressed herein should not be taken to represent an official position of the Parliament. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. © European Union & GlobalStat, 2018.
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