Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Total population6.98 million7.02 million7.06 million
WDI
A.1.1
Total number of households2.42 million2.43 million2.44 million
Eurostat
A.1.2
Average household size2.92.92.9
Eurostat
A.1.3
Urban population (% of total)56.09% of total55.94% of total55.81% of total
WDI
A.1.4
Urban population growth (annual %)-.29%-.3%-.32%
WDI
A.1.5
A.2 Economy
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
GDP, current prices (U.S. dollars)50,509 USD (millions)44,120 USD (millions)40,630 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)122,740 USD (millions)114,879 USD (millions)110,491 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)7,223 USD 6,284.2 USD 5,756.38 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)17,552.4 USD 16,362.5 USD 15,654.01 USD
WEO
A.2.4
GDP, constant prices (Percent change)4.3%2.05%3.34%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)1.99%3.02%1.53%
WEO
A.2.6
GDP, deflator (Index)135.50132.80128.88
WEO
A.2.7
Consumer price index141.38138.67134.46
WEO
A.2.8
GINI IndexNot available36.2038.80
WDI
A.2.9
Urban minimum wages per month in USD248.39 USD 209.91 USD 189.2 USD
Social and Economic Council of Serbia
A.2.12
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Self-employed24.67%26.45%26.55%
WDI
A.2.14.1
Informally employed17.07%17.93%19.08%
ILOSTAT
A.2.14.2
Unemployed12.7%13.5%15.3%
Statistical Office of Serbia
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate3.13%3.63%4.13%
National Bank of Serbia
A.2.15.1
Yield on 3 months treasury billsNot available3.06%3.71%
IFS
A.2.15.2
Average bank deposit rateNot availableNot availableNot available
IFS
A.2.15.4
Lending rateNot availableNot availableNot available
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Number of dwelling units:B.1.1
Total  3.23 million
2011 Population and Housing Census
B.1.1.1
Total Urban  1.84 million
2011 Population and Housing Census
B.1.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing  71.33 sq.mt
2011 Population and Housing Census
B.1.3.1
Tenure in urban areas (%):B.1.4
Owner-occupied units84.4% of total82% of total82.4% of total
Eurostat
B.1.4.1
% of owner units with a mortgage.4% of total.9% of total1.3% of total
Eurostat
B.1.4.2
Private rental units3% of total3.1% of total3.1% of total
Eurostat
B.1.4.3
Public / social rental units12.6% of total14.9% of total14.6% of total
Eurostat
B.1.4.4
Other forms of tenure   5.71% of total
2011 Population and Housing Census
B.1.4.5
Estimated Number of units completed/yearB.1.5
Formal sector/registered18,051 units14,080 units11,332 units
Slovenia Statistical Office
B.1.5.1
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


back to top | Country Data:
Notes: % of households with reduced or free rent; National figure
Notes: % of households with reduced or free rent; National figure
Notes: % of households with reduced or free rent; National figure
Notes: % of households with reduced or free rent; National figure
Notes: % of households with reduced or free rent; National figure
Notes: % of households with reduced or free rent; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of households; National figure
Notes: % of total mortgage loans that are insured with the NMIC
Notes: % of total mortgage loans that are insured with the NMIC
Notes: % of total mortgage loans that are insured with the NMIC
Notes: % of total mortgage loans that are insured with the NMIC
Notes: 0% interest on state-subsidized loans from 2009-2012 and the last five years of the loan
Notes: 0% interest on state-subsidized loans from 2009-2012 and the last five years of the loan
Notes: 0% interest on state-subsidized loans from 2009-2012 and the last five years of the loan
Notes: 0% interest on state-subsidized loans from 2009-2012 and the last five years of the loan
Notes: 0% interest on state-subsidized loans from 2009-2012 and the last five years of the loan
Notes: 20% capital gains tax only on nonresidents
Notes: 20% capital gains tax only on nonresidents
Notes: 20% capital gains tax only on nonresidents
Notes: 20% capital gains tax only on nonresidents
Notes: 20% capital gains tax only on nonresidents
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: 80% LTV limit for foreign currency denominated or foreign currency index mortgage loans
Notes: 80% LTV limit for foreign currency denominated or foreign currency index mortgage loans
Notes: 80% LTV limit for foreign currency denominated or foreign currency index mortgage loans
Notes: 80% LTV limit for foreign currency denominated or foreign currency index mortgage loans
Notes: 80% LTV limit for foreign currency denominated or foreign currency index mortgage loans
Notes: 80% LTV limit for foreign currency denominated or foreign currency index mortgage loans
Notes: 80% LTV limit for foreign currency denominated or foreign currency index mortgage loans
Notes: 80% LTV limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average key policy rate over the year
Notes: Average LTV for mortgages insured by NMIC which account for almost 80% of mortgages
Notes: Average LTV for mortgages insured by NMIC which account for almost 80% of mortgages
Notes: Average LTV for mortgages insured by NMIC which account for almost 80% of mortgages
Notes: Average LTV for mortgages insured by NMIC which account for almost 80% of mortgages
Notes: FSAP conducted in 2010
Notes: In 2014 there was no budget to implement state subsidies
Notes: In 2014 there was no budget to implement state subsidies
Notes: Kinship and other forms of tenure; National figure
Notes: LafargeHolcim is a building materials company that partnered with lenders to offer housing microloans
Notes: LafargeHolcim is a building materials company that partnered with lenders to offer housing microloans
Notes: LafargeHolcim is a building materials company that partnered with lenders to offer housing microloans
Notes: LafargeHolcim is a building materials company that partnered with lenders to offer housing microloans
Notes: LafargeHolcim is a building materials company that partnered with lenders to offer housing microloans
Notes: LafargeHolcim partnered with Societe Generale to offer housing microloans
Notes: LafargeHolcim partnered with Societe Generale to offer housing microloans
Notes: LafargeHolcim partnered with Societe Generale to offer housing microloans
Notes: LafargeHolcim partnered with Societe Generale to offer housing microloans
Notes: LafargeHolcim partnered with Societe Generale to offer housing microloans
Notes: Limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Limit for foreign currency denominated or foreign currency index mortgage loans
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Modeled ILO estimate
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: Mortgage Law of 2005
Notes: National figure
Notes: National minimum monthly with average of 174 labor hours
Notes: National minimum monthly with average of 174 labor hours
Notes: National minimum monthly with average of 174 labor hours
Notes: National minimum monthly with average of 174 labor hours
Notes: National minimum monthly with average of 174 labor hours
Notes: National minimum monthly with average of 174 labor hours
Notes: National minimum monthly with average of 174 labor hours; weighted average of minimum wage during the year
Notes: National minimum monthly with average of 174 labor hours; weighted average of minimum wage during the year
Notes: National minimum monthly with average of 174 labor hours; weighted average of minimum wage during the year
Notes: National minimum monthly with average of 174 labor hours; weighted average of minimum wage during the year
Notes: National minimum monthly with average of 174 labor hours; weighted average of minimum wage during the year
Notes: National minimum monthly with average of 174 labor hours; weighted average of minimum wage during the year
Notes: National minimum monthly with average of 174 labor hours; weighted average of minimum wage during the year
Notes: National minimum monthly with average of 174 labor hours; weighted average of minimum wage during the year
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: National Mortgage Insurance Corporation is owned by the Serbian Government
Notes: NMIC is a public institute of mortgage insurance which covers nearly all mortgages in Serbia.
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: NMIC is a public mortgage insurance provider that works with commercial banks
Notes: Property tax rate ranges between 0.3% to 2%
Notes: Property tax rate ranges between 0.3% to 2%
Notes: Property tax rate ranges between 0.3% to 2%
Notes: Property tax rate ranges between 0.3% to 2%
Notes: Property tax rate ranges between 0.3% to 2%
Notes: Property transfer tax of 2.5%
Notes: Property transfer tax of 2.5%
Notes: Property transfer tax of 2.5%
Notes: Property transfer tax of 2.5%
Notes: Property transfer tax of 2.5%
Notes: Provisional figure
Notes: Rent and subtenancy units; National figure
Notes: Rental income taxed at 20%
Notes: Rental income taxed at 20%
Notes: Serbian government has begun a privatization process of its state-owned banks but Postanska stedionica remains public