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23 February, 2021updated 30 Oct 2021 05:01

Investing in Serbia: what you need to know

All of the key data and information needed when considering investing in Serbia.

By Carmen

As of 2021, Serbia has a population of 6.9 million, making it the 106th largest country in the world by this measure. There are 49% males and 51% females.

There are 2.7 million people employed in Serbia, with an unemployment rate of 12.6% – 388,029 people.


Serbia is the 213rd largest economy in the world with a GDP of $48.6bn.

As of 2018 there were 256,172 students in tertiary education in Serbia, with 534,106 students in secondary and 266,759 in primary education. Serbia spent 3.2% of its GDP on education in 2019.

Serbia ranked 44th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 48th. In the World Economic Forum’s Global Competitiveness Report (2019), Serbia finished 72nd, after ranking 72nd in 2018.

Public healthcare expenditure totalled $2.6bn and private healthcare expenditure equalled $1.9bn in 2018.

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