Macroeconomic Trends
The average growth of Serbia's GDP in the last ten years were 4.45% per year. GDP structure by sector in 2009 was: services 63.8%, industry 23.5%, agriculture 12.7%. GDP structure by components in 2008 was: private consumption 74.3%, public consumption 20.6%, investments 28.6%, exports 30,7%, imports 54,2%.
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GDP Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 GDP (USD Billions) 8.7 11.4 15.1 19.5 23.7 25.2 29.3 39.0 47.7 42.8 43.6 46.2 48.5 53.1 GDP growth rate 5.3% 5.6% 3.9% 2.4% 9.3% 5.4% 5.2% 6.9% 5.5% -3.0% 1.0% 1.6% 0.5% 3.0% GDP Per Capita (USD) 1152 1524 2012 2613 3169 3391 3958 5277 6684 5808 5897 6240 6539 7136 GDP (PPP) per capita (Geary-Khamis $) 5655 6100 6468 6786 7598 8315 8928 9722 10821 10635 10897 11364 12121 13004 Source: IMF
Serbia's primary industries include processing of base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes and pharmaceuticals. The main export products of Serbia in 2009. ware: iron and steel ($0.64bn), clothes ($0.53bn), cereals ($0.47bn), vegetables ($0.45bn), non-ferrous metals ($0.44bn). The main Serbian agriculture products are wheat, maize, sugar beets, sunflower, raspberries, beef, pork and milk. The average growth of Serbian industry total from 2000 to 2008 were 3.07% per year. Economic worries are said for the first time in years to trump tensions over Kosovo and relations with the West among voter concerns when Serbians head to the polls in presidential, parliamentary and local elections on Sunday, 6 May 2012.
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Industrial production growth rate Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Mining and quarrying 8.1 -12.8 1.6 0.8 -0.7 2.1 3.5 -0.6 3.6 -3.8 5.8 10.4 Manufacturing 14.5 0.7 2.7 -4.6 9.6 -0.7 5.4 4.3 0.8 -16.1 4 -0.4 Electricity, gas and water supply 2.1 1,2 -1.7 2,3 0.1 6.6 2.2 2.8 1.8 0.8 -4.4 9.7 Industry total 11.4 0.1 1.8 -3.0 7.1 0.8 4.7 3.7 1.1 -12.6 2.5 2.1 Source 1: Development Bureau of Serbia Source 2: Statistical Office of Serbia
Read more about this topic: Economy Of Serbia
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“Power-worship blurs political judgement because it leads, almost unavoidably, to the belief that present trends will continue. Whoever is winning at the moment will always seem to be invincible.”
—George Orwell (1903–1950)