Serbia view

Photo by Unsplash / Ljubomir Žarković

Europe & Central Asia

Serbia rebounded strongly from the impact of the global pandemic, with growth reaching 7.4 percent in 2021. After a strong recovery in 2021, however, several domestic and international factors have caused an economic slowdown. Growth in 2022 is forecasted at 3.2 percent, with risks tilted to the downside. 

Challenges include the performance of the Serbian energy sector and availability of electricity and gas in the winter of 2022-23, as well as the rising cost of financing the fiscal deficit and debt obligations in light of higher interest rates. Inflation has also increased significantly, with adverse effects on incomes of the poor and vulnerable. 

Over the medium term, the Serbian economy is expected to slow down and return to pre-pandemic growth levels after 2024 at the earliest. However, Serbia still faces challenges that limit its potential growth, both in the short and medium to long term. With limited space for future stimulus packages, structural reforms are needed to bring the economy back to sustained growth, boost jobs and incomes, and strengthen resilience to shocks – while gradually transitioning to a greener and more resilient development trajectory.

Source: World Bank, Serbia Country Overview

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Investment OpportunitiesDescribes the number of investment opportunities in the country.
Most Affected SDGsDescribes the three priority SDGs the investment opportunities address in the country.
Good health and well-being (SDG 3) Industry, Innovation and Infrastructure (SDG 9) Responsible Consumption and Production (SDG 12)
Priority Target SectorsDescribes the three priority sectors the investment opportunities address in the country, based on the SASB Sustainable Industry Classification System®️ (SICS®️) classification.
Infrastructure, Health Care, Food and Beverage
Ease of Doing Business ScoreDeveloped by the World Bank, the Ease of Doing Business Score helps assess the absolute level of regulatory performance over time. An economy’s ease of doing business score is reflected on a scale from 0 to 100, where 0 represents the lowest and 100 represents the best performance.
See the World Bank Ease of Doing Business site for more information.
Human Development IndexDeveloped by the United Nations Development Programme (UNDP), the Human Development Index is a summary measure for assessing a country’s long-term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living.
See the UNDP Human Development Index site for more information.


Opportunities 13 Investment Opportunity Areas