Serbia Current Account Deficit Narrows

Serbia’s current account deficit widened to $645 million in November 2025 from a downwardly revised $230 million in the same month last year. The goods account deficit increased to $712 million from $524 million, while the services surplus narrowed to $244 million from $305 million. At the same time, the primary income gap rose sharply to $605 million from $470 million, and the secondary income surplus edged down to $429 million from $459 million. Over the first eleven months of 2025, Serbia posted a current account deficit of $3,921 million, compared with $3,340 million recorded in the corresponding period of the previous year.

Serbia’s current account deficit narrowed to $186 million in October 2025, from a downwardly revised $271 million in the same month last year. The goods account deficit fell slightly to $616 million from $620 million. Additionally, the primary income gap decreased to $394 million from $443 million, and the secondary income surplus rose to $501 million from $462 million. Meanwhile, the services surplus edged down to $323 million from $330 million. For the first ten months of 2025, Serbia posted a current account deficit of $3,234 million, wider than the $3,110 million recorded in the corresponding period of the previous year.

Serbia’s current account deficit narrowed to $396 million in September 2025, from a downwardly revised $618 million in the same month a year earlier. The goods account shortfall decreased to $528 million from $549 million in September 2024, while the primary income deficit fell to $584 million from $738 million. Moreover, the secondary income surplus widened to $530 million from $439 million. On the other hand, the services account surplus narrowed to $186 million from $230 million.