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Country Context

Population, million6.7
GDP, current $ billion63.4
GDP per capita, current $9,511.5
Life Expectancy at Birth, years 72.7

Serbia’s economic growth slowed in the first half of 2023 as decelerating private and public investment as well as elevated inflation hurt consumption and weighed on economic activity. Full-year economic growth is expected at 2%, with risks to the outlook tilted to the downside. Over the medium term, the Serbian economy is projected to grow steadily at around 3-4% annually, supported by increases in consumption and investment. Foreign direct investment is expected to continue to play a key financing role, while inflation is expected to decline gradually as energy and food prices normalize. Poverty in 2023 is estimated at 8%, down from 8.5% in 2022. The pace of poverty reduction has slowed in the context of weakening growth and the erosion of purchasing power of the poor, for whom food and energy costs account for a high proportion of consumption.  

Last Updated: Oct 10, 2023

buildings, garages, and warehouses were added to a unified and complete record of real estate ownership through a Bank-supported project.


Serbia: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
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Country Office Contacts

Belgrade, Serbia
Bulevar Kralja Aleksandra 86
11000 Belgrade, Serbia
+381 11 30 23 700