Overview of Serbia
The Republic of Serbia is located in southeastern Europe, in the central part of the Balkan Peninsula, and is a landlocked country. The capital is Belgrade, the official language is Serbian, and the main religion is Eastern Orthodox.
Serbia has an area of 88500 square kilometers and a population of approximately 8.41 million. The country borders Montenegro, Bosnia and Herzegovina, Croatia, Hungary, Romania, Bulgaria, North Macedonia, and Albania, with one-fifth of the Danube River flowing through its territory.
The economic profile of Serbia can be summarized as follows: Serbia is a landlocked country located in southeastern Europe, with the service industry as the mainstay of its economy, while also relying on the chemical and automotive industries as the second largest pillar industries. In recent years, Serbia's economy has achieved stable growth, with significant increases in both gross domestic product and per capita gross domestic product.
In terms of economic structure and major industries, Serbia's economic structure is dominated by the service industry, which accounts for a major proportion of the gross domestic product. In addition, the chemical and automotive industries are also important industries in the country, making significant contributions to economic growth.
Economic growth and data show that Serbia's economy has achieved stable growth in the past few years. In 2023, Serbia's gross domestic product will be 69.1 billion euros, a year-on-year increase of 2.5%. The per capita pre tax monthly salary is about 1015 euros, with an actual increase of 2.4%. In addition, in 2024, the World Bank raised Serbia's economic growth forecast from 3.0% to 3.5%.
In terms of international status and investment environment, Serbia actively implements economic reforms and privatization, improves the investment environment, and attracts a large amount of foreign investment. In addition, Serbia has implemented a 30 day visa free policy for Chinese tourists, further promoting the development of the tourism industry.
