quality:correction
Economy

Serbia has an emerging market economy in upper-middle income range. According to the International Monetary Fund, Serbian nominal GDP in 2024 is officially estimated at $81.873 billion or $12,385 per capita while purchasing power parity GDP stood at $185.014 billion or $27,985 per capita. The economy is dominated by services which accounts for 67.9% of GDP, followed by industry with 26.1% of GDP, and agriculture at 6% of GDP. The official currency is Serbian dinar, and the central bank is National Bank of Serbia. The Belgrade Stock Exchange is the only stock exchange in the country, with market capitalisation of $8.65 billion and BELEX15 as the main index representing the 15 most liquid stocks. The country is ranked 52nd on the Social Progress Index as well as 54th on the Global Peace Index.

The economy has been affected by the global economic crisis. After almost a decade of strong economic growth (average of 4.45% per year), Serbia entered the recession in 2009 with negative growth of −3% and again in 2012 and 2014 with −1% and −1.8%, respectively. As the government was fighting effects of crisis the public debt has more than doubled: from pre-crisis level of just under 30% to about 70% of GDP and trending downwards recently to around 50%. Labour force stands at 3.2 million, with 56% employed in services sector, 28.1% in industry and 15.9% in the agriculture. The average monthly net salary in May 2019 stood at 47,575 dinars or $525. The unemployment remains an acute problem, with rate of 11% as of 2021.

Since 2000, Serbia has attracted over $40 billion in foreign direct investment (FDI). Blue-chip corporations making investments include: Fiat Chrysler Automobiles, Siemens, Bosch, Philip Morris, Michelin, Coca-Cola, Carlsberg and others. In the energy sector, Russian energy giants, Gazprom and Lukoil have made large investments. In metallurgy sector, Chinese steel and copper giants, Hesteel and Zijin Mining have acquired key complexes.

Serbia has an unfavourable trade balance: imports exceed exports by 25%. Serbia's exports, however, recorded a steady growth in the 2010s reaching $19.2 billion in 2018. The country has free trade agreements with the EFTA and CEFTA, a preferential trade regime with the European Union, a Generalised System of Preferences with the United States, and individual free trade agreements with Russia, Belarus, Kazakhstan, and Turkey.