Serbia recorded a Current Account deficit of 4.30 percent of the country's Gross Domestic Product in 2020. source: Ministry of Finance, Republic of Serbia

Current Account to GDP in Serbia averaged -7.21 percent of GDP from 2000 until 2020, reaching an all time high of 2 percent of GDP in 2001 and a record low of -20 percent of GDP 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 September of 2021.

Current Account to GDP in Serbia is expected to reach -5.70 percent of GDP by the end of 2021, 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 -5.50 percent of GDP in 2022 and -5.30 percent of GDP in 2023, according to our econometric models.

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Serbia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.30 -6.90 2.00 -20.00 2000 - 2020 percent of GDP Yearly

Serbia Trade Last Previous Highest Lowest Unit
Balance of Trade -728.20 -722.50 -161.00 -1364.00 USD Million [+]
Current Account -309.60 -389.00 305.30 -1073.40 USD Million [+]
Current Account to GDP -4.30 -6.90 2.00 -20.00 percent of GDP [+]
Imports 2921.40 2909.80 2921.40 292.00 USD Million [+]
Exports 2193.20 2187.30 2251.90 116.00 USD Million [+]
External Debt 32340.80 30812.80 32340.80 8961.90 EUR Million [+]
Capital Flows -334.00 -209.00 189.00 -705.00 USD Million [+]
Gold Reserves 36.43 36.04 36.43 9.80 Tonnes [+]
Foreign Direct Investment 357.00 324.00 3322.60 -476.60 EUR Million [+]
Crude Oil Production 15.00 14.00 21.00 13.00 BBL/D/1K [+]
Terrorism Index 0.06 0.12 2.96 0.00 [+]
Tourist Arrivals 129999.00 81520.00 237801.00 1052.00 [+]
Weapons Sales 33.00 26.00 45.00 1.00 SIPRI TIV 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.