Another important pillar of investment financing is the FDI inflow, which hit a record high level for the second consecutive year, reaching EUR 3.8 bn in 2019. A particular quality comes from the fact that FDI is mainly channelled into tradable sectors and that it is project-diversified, contributing thereby to the growth in our exports.
For this reason, its full effects are expected in the period ahead. It is precisely the activation of earlier investment that helped maintain the high growth rate of Serbia’s goods and services exports, which was even higher than in the previous year (10.5% compared to 9.6% in 2018), despite the slowdown in external demand.