Since the start of the year, the Serbian economy also saw a significant improvement in external imbalances. After it went down by more than a third last year, the current account deficit began to decline since the start of 2021 and equalled only 1.8% of GDP in the first half of the year.
A contribution to this came from almost all key components of the current account, with the export of goods and services particularly standing out. After last year’s reduction of only 4.9%, we expect the goods and services export to increase by more than 20% this year, whereby it would reach the level of around EUR 27 bn.