From Wikipedia, the free encyclopediaJump to navigationJump to searchEconomy of SerbiaCurrencyFiscal yearTrade organisationsCountry groupStatisticsGDPGDP rankGDP growthGDP per capitaGDP per capita rankGDP by sectorInflation (CPI)Population below poverty lineGini coefficientHuman Development IndexLabour forceLabour force by occupationUnemploymentAverage gross salaryAverage net salaryMain industriesEase-of-doing-business rankExternalExportsExport goodsMain export partnersImportsImport goodsMain import partnersFDI stockCurrent accountGross external debtPublic financesPublic debtBudget balanceRevenuesExpensesEconomic aidCredit ratingForeign reservesEconomy of SerbiaOverviewSectorsSerbia topicsThe economy of Serbia is a service-based upper middle income economy with the tertiary sector accounting for two-thirds of total gross domestic product (GDP) and functions on the principles of the free market. Nominal GDP in 2019 is projected to reach $52.424 billion, which is $7,526 per capita, while GDP based on purchasing power parity (PPP) stood at $129.313 billion, which is $18,566 per capita.The strongest sectors in the economy are energy, automotive industry, machinery, mining, and agriculture. Primary industrial exports are automobiles, base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes, pharmaceuticals. Trade plays a major role in Serbian economic output. The main trading partners are Germany, Italy, Russia, China, and neighboring Balkan countries.Belgrade is the capital and economic heart of Serbia and home to most major Serbian and international companies operating in the country, as well as the National Bank of Serbia and the Belgrade Stock Exchange. Novi Sad is the second largest city and the most important economic hub after Belgrade.