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International Information Centre for Balkan Studies



"GDP per capita to reach USD 10,400 in 2023"

The standard of living of Serbian citizens will be increasingly higher, according to Finance Minister Sinisa Mali.

May 20, 2019

This is true because according to the IMF and World Bank projection our country will this year have GDP growth of at least 3.5 percent.

Meanwhile, GDP per capita, which was around USD 7,200 in 2018, will be around USD 10,400 in 2023 - a 44 percent increase, the minister said.

"The biggest task for the state is to provide an attractive market. After the achieved fiscal consolidation and further maintenance of the macroeconomic stability, the key priorities will be three: increase of salaries and pensions, i.e., personal consumption, even more capital investments, and continue to reduce the tax burden on salaries," Mali said.

He also said that the investments reached record levels this year as the budget allocated more than RSD 220 billion, and added that more than 250 billion will be planned next year.

Source: https://www.b92.net/eng/news/business.php?yyyy=2019&mm=05&dd=20&nav_id=106866

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