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ponedjeljak, 23.09.2024.

Finance of Serbia

The minimum monthly wage in Serbia is 223 USD. Serbia has a government debt of 61.5% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Serbia is 2.2%. The currency of Serbia is Serbian dinar. The plural form of the word Serbian dinar is dinars. The symbol used for this currency is din, and it is abbreviated as RSD. The Serbian dinar is divided into para; there are 100 in one dinar. Each year, consumers spend around $30,956 million. The ratio of consumer spending to GDP in Serbia is 0.07%, and the ratio of consumer spending to the world consumer market is 8.92%. The corporate tax in Serbia is set at 15%. Personal income tax ranges from 10% to 25%, depending on your specific situation and income level. VAT in Serbia is 20%. In 2013, Serbia received 1089.8 million USD in foreign aid.In 2014, the foreign aid amounted to 1379.2 USD.

Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Serbia is $95,842 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Serbia was last recorded at $10,938,337. PPP in Serbia is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Serbia is 45,520 billion. Based on this statistic, Serbia is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Serbia was last recorded at $5,195,145. The average citizen in Serbia has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Serbia averaged -0.5% in 2014. According to this percentage, Serbia is currently experiencing modest decline. Countries that are experiencing modest decline may see a small reduction in personal consumption, employment rate, or personal income. A modest decline in GDP can signal a risky location for investments; however, some strong economic nations occasionally experience modest decline and are still safe investment locations.

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