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Serbia - General economic indicators
| Indicators |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
| 1. GDP, USD bln |
16.5 |
18.1 |
18.5 |
15.1 |
8.1-9.01,Y |
10.8 e,Y |
| 2. GDP per capita, USD |
1,558 |
1,712 |
1,742 |
1,424 |
966Y |
1,200 e,Y |
| 3. Real GDP growth rate, % |
5.9 |
7.4 |
2.6 |
-19.1 |
6.4Y |
5.5 e,Y |
| 4. Industrial production growth rate, % |
5.9 |
7.5 |
2.1 |
-33.0 |
10.92 |
6.03 |
| 5. Annual inflation rate, % |
93.0 |
18.5 |
29.8 |
42.4 |
116.0 |
40.0 |
| 6. Annual unemployment rate, % |
25.7 |
24.5 |
25.1 |
25.9 |
27.3 |
27.8 |
| 7. Average monthly net salary, USD4 |
125.0 |
124.2 |
88.8 |
46.7 |
46.0 |
125.0 |
| 8. Current account balance, USD mln |
-1,314 |
-1,555 |
-1,180 |
-1,110 |
-378Y |
n/a |
| 9. Gross external debt stock, USD mln |
11,573 |
12,291 |
12,787 |
13,135 |
11,4595,Y |
n/a |
| 10. Exchange rate of YUN for 1 USD, end of year |
4.85 |
10.09 |
11.60 |
11.60 |
65.00Y |
68.00 |
Source: Federal Office of Statistics of FRY, Serbian Statistical Bireau, Serbian Labour Department, IMF, World Bank
Notes:Data for 1996-1999 is for Yugoslavia. Data for 2000 and 2001 is for Serbia, except marked with Y for Yugoslaviae EstimatedY Yugoslavia 1USD 8.1 billion according to IMF; USD 9 billion according to the World Bank 2January-December 2000 /January-December 1999 3 6.0% December 2001/ December 2000; 0.1% January- December 2001/ January- December 2000 4In Euro for 2000 and 2001 5 Unpaid imports of petrol and gas included by the IMF in the external debt are not included here; they amount to USD 0.5 billion
Operational costs
| Nominal salary growth, % |
4.9 (May-June 2002) |
| Average net monthly salary |
YUD 8,992 (Euro 147.4) |
| Price of land for industrial use/arable land |
The entire land is a national property and no person can actually purchase land. One can only rent land at a certain fee. More details on land issues can be found at: http://www.siepa.sr.gov.yu/English/Invest/Publications/LAND.pdf |
| Office buy/rent prices |
Between Euro 10-20 per sq. m/month |
| Water charges – for industrial use – for household use |
Approx. Euro 0.33 per m3 Euro 1.14 per household member |
| Telephone installation charges |
Approx. Euro 102 |
| International phone call charges, Euro per minute |
ZONE 1: Neighbouring countries: Euro 0.27 for residential customers and Euro 0.46 for business customers ZONE 2: European countries (Slovenia, Poland, Italy, etc): Euro 0.34 for residential and Euro 0.56 for business customers. ZONE 3: European countries (UK, Spain, Sweden, etc.): Euro 0.40 for residential and Euro 0.66 for business customers. ZONE 4: Africa, Asia, North America and Australia: Euro 0.73 for residential and Euro 1.21 for business customers. ZONE 5: Africa, Asia and Latin America: Euro 0.88 for residential and Euro 1.45 for business customers. |
| Electricity prices, Euro/KWh: |
|
| High voltage: up to 110 KV - Active energy |
|
| Day tariff - increased |
1.77 |
| Day tariff - decreased |
0.59 |
| Medium voltage: 1-110 KV – Active energy |
|
| Day tariff - increased |
1.99 |
| Day tariff - decreased |
0.66 |
| Low voltage: up to 1KV – Active energy |
|
| Day tariff - increased |
2.22 |
| Day tariff - decreased |
0.74 |
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