Serbia Current Account to GDP

Serbia recorded a Current Account deficit of 11.50 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Serbia is reported by the Ministry of Finance. From 2000 until 2012, Serbia Current Account to GDP averaged -9.2 Percent reaching an all time high of 2.2 Percent in December of 2001 and a record low of -21.6 Percent in December of 2008. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Serbia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-11.50 -9.90 2.20 -21.60 -14.29 | 2014/06 2000 - 2012 Percent Yearly

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Serbia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
External Debt 25863.30 2014-01-31 25841.80 26722.40 8961.90 26350.26 2014-06-30 EUR Million [+]
Balance of Trade -455.70 2014-02-15 -357.70 -161.00 -1364.00 -417.57 2014-06-30 USD Million [+]
Current Account -466.30 2013-12-15 -60.90 178.00 -1073.40 -258.40 2014-06-30 USD Million [+]
Current Account to GDP -11.50 2012-12-31 -9.90 2.20 -21.60 -14.29 2014-06-30 Percent [+]
Exports 1193.70 2014-02-15 998.00 1439.00 116.00 1222.73 2014-06-30 USD Million [+]
Imports 1649.40 2014-02-15 1356.00 2507.00 292.00 1596.43 2014-06-30 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


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The Social Security Rate For Employees in Serbia stands at 17.90 percent. Social Security Rate For Employees in Serbia is reported by the Institute for Social Insurance.
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The Social Security Rate in Serbia stands at 36.25 percent. Social Security Rate in Serbia is reported by the Institute for Social Insurance.
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The benchmark interest rate in Serbia was last recorded at 9.50 percent. Interest Rate in Serbia is reported by the National Bank of Serbia.
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The number of employed persons in Serbia increased to 2394004 in the third quarter of 2013 from 2227432 in the first quarter of 2013. Employed Persons in Serbia is reported by the Statistical Office of the Republic of Serbia.
Serbia Foreign Exchange Reserves at 10428.30 EUR Million  
Foreign Exchange Reserves in Serbia decreased to 10428.30 EUR Million in March of 2014 from 10831.80 EUR Million in February of 2014. Foreign Exchange Reserves in Serbia is reported by the National Bank of Serbia.
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GDP Constant Prices in Serbia increased to 781673.10 RSD Million in the fourth quarter of 2013 from 773779.40 RSD Million in the third quarter of 2013. GDP Constant Prices in Serbia is reported by the Statistical Office of the Republic of Serbia.
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The number of unemployed persons in Serbia increased to 788.71 Thousand in January of 2014 from 769.55 Thousand in December of 2013. Unemployed Persons in Serbia is reported by the Statistical Office of the Republic of Serbia.
Serbia Wages at 44057.00 RSD  
Wages in Serbia increased to 44057 RSD in February of 2014 from 37966 RSD in January of 2014. Wages in Serbia is reported by the Statistical Office of the Republic of Serbia.
Serbia Current Account at -466.30 USD Million  
Serbia recorded a Current Account deficit of 466.30 USD Million in December of 2013. Current Account in Serbia is reported by the National Bank of Serbia.
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