Serbia recorded a Current Account deficit of 6.90 percent of the country's Gross Domestic Product in 2019. source: Ministry of Finance, Republic of Serbia

Current Account to GDP in Serbia averaged -7.35 percent from 2000 until 2019, reaching an all time high of 2 percent in 2001 and a record low of -20 percent in 2008. This page provides - Serbia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Current Account to GDP - values, historical data and charts - was last updated on March of 2021.

Current Account to GDP in Serbia is expected to reach -4.70 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Current Account to GDP is projected to trend around -5.10 percent in 2021 and -5.50 percent in 2022, according to our econometric models.

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Serbia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-6.90 -4.80 2.00 -20.00 2000 - 2019 percent Yearly

Serbia Trade Last Previous Highest Lowest Unit
Balance of Trade -683.20 -706.60 -161.00 -1364.00 USD Million [+]
Current Account -21.20 -262.00 178.00 -1073.40 USD Million [+]
Current Account to GDP -6.90 -4.80 2.00 -20.00 percent [+]
Imports 2589.10 2606.10 2606.10 292.00 USD Million [+]
Exports 1906.00 1899.60 1944.60 116.00 USD Million [+]
External Debt 28417.90 28381.10 28417.90 8961.90 EUR Million [+]
Capital Flows 140.00 -100.30 140.00 -705.00 USD Million [+]
Gold Reserves 35.47 31.93 35.47 9.80 Tonnes [+]
Foreign Direct Investment 766.00 261.30 3322.60 -476.60 EUR Million [+]
Crude Oil Production 15.00 15.00 21.00 13.00 BBL/D/1K [+]
Terrorism Index 0.06 0.12 2.96 0.00 [+]
Tourist Arrivals 26851.00 43620.00 237801.00 1052.00 [+]
Weapons Sales 27.00 2.00 45.00 1.00 USD Million [+]


Serbia Current Account to GDP
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.