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Encyclopedia > Economy of Serbia

This article deals with the economy of the Serbian part of the European state of Serbia and Montenegro. For the article covering the whole economy, see Economy of Serbia and Montenegro. Serbia and Montenegro  â€“ Serbia    â€“ Kosovo and Metohia        (UN administration)    â€“ Vojvodina  â€“ Montenegro Official language Serbian1 Capital Belgrade Independence- Declared from the Ottoman Empire Gained autonomy 1817 Independence July 13, 1878 Area – Total – % water 88,361 km² n/a Population – Total (2002) (not including data for Kosovo and Metohia Province) – Density 7. ... World map showing Europe Europe is conventionally considered one of the seven continents of Earth which, in this case, is more a cultural and political distinction than a physiogeographic one. ... The economy of Serbia and Montenegro entered a prolonged decline in 1989. ...


Economy

Main article: Serbia Serbia and Montenegro  â€“ Serbia    â€“ Kosovo and Metohia        (UN administration)    â€“ Vojvodina  â€“ Montenegro Official language Serbian1 Capital Belgrade Independence- Declared from the Ottoman Empire Gained autonomy 1817 Independence July 13, 1878 Area – Total – % water 88,361 km² n/a Population – Total (2002) (not including data for Kosovo and Metohia Province) – Density 7. ...

Real GDP - PPP: $28.37 Billion (2005)
Real GDP - Exchange rate conversion for SCG: $25.46 Billion (2005), $22.73 Billion for Serbia (Central SR and AP Vojvodina)
GDP Per Capita - PPP: $2600 (Expected for 2005)
Real GDP Per Capita - Non PPP: $3200 (2005)
GDP growth rate: 7% (2004), 4% predicted for 2005 [1]
Real GDP growth rate in Q1 2005: 5.6%
Real GDP growth rate in Q2 2005: 7.3%
Real GDP growth rate in Q3 2005: 6.4%
Real GDP growth rate in Q4 2005: 5.9%
Total growth for 2005: 6.3%
Source: http://www.srbija.sr.gov.yu/vesti/vest.php?id=22094
Industrial production growth rate for 2004: 7.1%
Industrial production growth rate March 2005: -6.2%
Industrial production growth rate April 2005: 0.9%
Industrial production growth rate May 2005: -3.5%
Industrial production growth rate June 2005: -2.3%
Industrial production growth rate July 2005: -1.1%
Industrial production growth rate August 2005: 8.3%
Industrial production growth rate September 2005: 6.3%
Industrial production growth rate October 2005: 5.2%
Industrial production growth rate November 2005: 2.8%
Industrial production growth rate December 2005: 0.3%
Total for 2005: 1.3%
Industrial production growth rate January 2006: 0.8%
Industrial production growth rate February 2006: 10.0%
Source: http://www.srbija.sr.gov.yu/vesti/vest.php?id=22005&q=industrial+production
Employment by sector (2005)
Tertiary: 57.9%
Secondary: 25.5%
Primary: 16.6%
Total labourforce: 3.22 Million
Unemployment rate: 32.60%
Average income: $5,368
Government budget (2005)
Revenues: $11.45 Billion
Expenditures: $11.12 Billion
Trade in 2004
Export: $3 701 Million (34.3% increase)
Import: $11 139.2 Million (49.1% increase)
Total trade: $14 820.2 Million (31.1% increase)
Balance of trade: -$7 438.2 Million
Trade, 2005
Export: $4 080 Million (31.1% increase)
Import: $9 540 Million (4.7% increase)
Total trade: $13 630 Million (11.4% increase)
Balance of trade: -$5 450 Million (9% decrease in deficit)
Trade, 2006 (January and February)
Export: $682.2 Million (14.8% increase)
Import: $1490.2 Million (32.5% increase)
Total trade: $2172.4 Million (26.4% increase)
Balance of trade: -$808 Million (52.3% increase)
Source: http://www.srbija.sr.gov.yu/vesti/vest.php?id=22107
Other statistics
Inflation: 13.7% (2004), 16.5% for 2005
Foreign debt: $12.97 Billion (45.7% of GDP)
Total estimated foreign investment for 2005: $1.5 - $2.0 Billion
Privatisation receipts for 2005: $774 Million
Foreign currency reserves: $5.05 Billion
GDP trends over the past 10 years
Year / Real GDP ($ Millions - in 2002 dollars) / Real GDP growth rate:
1995: $21 315 / 5.7%
1996: $22 296 / 4.6%
1997: $23 946 / 7.4%
1998: $24 521 / 2.4%
1999: $20 728 / -18.3%
2000: $21 909 / 5.7%
2001: $23 158 / 5.7%
2002: $23 922 / 3.3%
2003: $24 281 / 1.5%
2004: $25 980 / 7.0%
Estimates for next four years
2005: $27 669 / 6.5%*
2006: $29 191 / 5.5%
2007: $30 650 / 5.0%
2008: $32 336 / 5.5%

(*This has be revised to 6.5% due to strong growth being recorded in the first three quarters of 2005)


Currency

The Serbian dinar is the official currency of Serbia, one of the two republics that comprise Serbia-Montenegro. ... The euro (plural euro, symbol: €; banking code: EUR) is the official currency of the European Union and single currency for over 300 million Europeans in the following twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain; collectively also known as... The United States dollar is the official currency of the United States. ... National bank of Serbia (NBS) was founded in 1884. ...

See also


  Results from FactBites:
 
Serbia and Montenegro - Wikipedia, the free encyclopedia (1432 words)
The large Albanian population is chiefly concentrated in Kosovo, with smaller populations in the PreŇ°evo and Bujanovac municipalities in Central Serbia, and in the south-east of Montenegro (Ulcinj municipality).
Mismanagement of the economy, an extended period of economic sanctions, and the damage to Yugoslavia's infrastructure and industry caused by the Kosovo War have left the economy only half the size it was in 1990.
Serbia, and in particular the valley of the Morava is often described as "the crossroads between the East and the West" - one of the primary reasons for its turbulent history.
Serbia. The Columbia Encyclopedia, Sixth Edition. 2001-05 (2328 words)
Serbia’s championship of Pan-Slavism in the Balkans engendered bitter rivalry with Bulgaria and Austria-Hungary.
Serbia’s predominant position in the new kingdom was a major cause for unrest in Croatia and Macedonia in the period between World Wars I and II.
The Federal Republic of Yugoslavia, established in 1992 by Serbia and Montenegro, was thoroughly dominated by Serbia, a situation that led by the end of the decade to a strong movement in Montenegro for increased autonomy or independence.
  More results at FactBites »

 
 

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