log in
All Countries

Serbia Business Guide


Geography


Location:
Southeastern Europe, between Macedonia and Hungary


Geographic coordinates:
44 00 N, 21 00 E


Map references:
Europe


Area:
total:77,474 sq kmcountry comparison to the world: 117
land:77,474 sq km
water:0 sq km


Area - comparative:
slightly smaller than South Carolina


Land boundaries:
total:2,026 km
border countries:Bosnia and Herzegovina 302 km, Bulgaria 318 km, Croatia 241 km, Hungary 151 km, Kosovo 352 km, Macedonia 62 km, Montenegro 124 km, Romania 476 km


Coastline:
0 km (landlocked)


Maritime claims:
lowest point:Danube and Timok Rivers 35 m
highest point:Midzor 2,169 m


    Natural resources:
oil, gas, coal, iron ore, copper, zinc, antimony, chromite, gold, silver, magnesium, pyrite, limestone, marble, salt, arable land


Land use:
arable land:37.28%
permanent crops:3.41%
other:59.31% (2011)


Irrigated land:
919.6 sq km (2011)


Total renewable water resources:
162.2 cu km (note - includes Kosovo) (2011)


Natural hazards:
destructive earthquakes


Environment - current issues:
air pollution around Belgrade and other industrial cities; water pollution from industrial wastes dumped into the Sava which flows into the Danube


Environment - international agreements:
party to:Air Pollution, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified:none of the selected agreements


Geography - note:
controls one of the major land routes from Western Europe to Turkey and the Near East



People and Society


Nationality:
noun: Serb(s)
adjective:Serbian


Ethnic groups:
Serb 83.3%, Hungarian 3.5%, Romany 2.1%, Bosniak 2%, other 5.7%, undeclared or unknown 3.4% (2011 est.)


Languages:
Serbian (official) 88.1%, Hungarian 3.4%, Bosnian 1.9%, Romany 1.4%, other 3.4%, undeclared or unknown 1.8%


Religions:
Serbian Orthodox 84.6%, Catholic 5%, Muslim 3.1%, Protestant 1%, atheist 1.1%, other 0.8%, undeclared or unknown 4.5% (2011 est.)


Population:
7,209,764country comparison to the world: 101
note:does not include the population of Kosovo (July 2014 est.)



Age structure:
0-14 years:14.8% (male 549,469/female 515,988)
15-24 years:11.6% (male 432,471/female 407,367)
25-54 years:41.6% (male 1,512,888/female 1,488,099)
55-64 years:14.7% (male 511,516/female 551,117)
65 years and over:16.9% (male 508,751/female 732,098) (2014 est.)


Dependency ratios:
total dependency ratio:44.3 %
youth dependency ratio:23.2 %
elderly dependency ratio:21.1 %
potential support ratio:4.7 (2014 est.)


Median age:
total:41.9 years
male:40.2 years
female:43.6 years (2014 est.)


Population growth rate:
-0.46% (2014 est.)country comparison to the world: 221


Birth rate:
9.13 births/1,000 population (2014 est.)country comparison to the world: 208


Death rate:
13.71 deaths/1,000 population (2014 est.)country comparison to the world: 12


Net migration rate:
0 migrant(s)/1,000 population (2014 est.)country comparison to the world: 79


Urbanization:
urban population:56.4% of total population (2011)
rate of urbanization:0.51% annual rate of change (2010-15 est.)


Major urban areas - population:
BELGRADE (capital) 1.135 million (2011)


Sex ratio:
at birth:1.07 male(s)/female
0-14 years:1.07 male(s)/female
15-24 years:1.06 male(s)/female
25-54 years:1.02 male(s)/female
55-64 years:0.95 male(s)/female
65 years and over:0.69 male(s)/female
total population:0.95 male(s)/female (2014 est.)


Mother's mean age at first birth:
27.5 (2011 est.)


Maternal mortality rate:
12 deaths/100,000 live births (2010)


Infant mortality rate:
total:6.16 deaths/1,000 live birthscountry comparison to the world: 170
male:7.1 deaths/1,000 live births
female:5.16 deaths/1,000 live births (2014 est.)


    Life expectancy at birth:
total population:75.02 yearscountry comparison to the world: 101
male:72.17 years
female:78.07 years (2014 est.)


Total fertility rate:
1.42 children born/woman (2014 est.)country comparison to the world: 204


Contraceptive prevalence rate:
60.8% (2010)


Health expenditures:
10.4% of GDP (2011)


Physicians density:
2.11 physicians/1,000 population (2009)


Hospital bed density:
5.4 beds/1,000 population (2009)


Drinking water source:
improved:
urban: 99.4% of population
rural: 98.9% of population
total: 99.2% of population
unimproved:
urban: 0.6% of population
rural: 1.1% of population
total: 0.8% of population (2012 est.)


Sanitation facility access:
improved:
urban: 98.6% of population
rural: 95.7% of population
total: 97.3% of population
unimproved:
urban: 1.4% of population
rural: 4.3% of population
total: 2.7% of population (2012 est.)


HIV/AIDS - adult prevalence rate:
0.1% (2009 est.)country comparison to the world: 140


HIV/AIDS - people living with HIV/AIDS:
6,400 (2009 est.)country comparison to the world: 121


HIV/AIDS - deaths:
fewer than 100 (2009 est.)country comparison to the world: 155


Major infectious diseases:


Obesity - adult prevalence rate:
24.8% (2008)country comparison to the world: 63


Children under the age of 5 years underweight:
1.6% (2010)country comparison to the world: 126


Education expenditures:
4.8% of GDP (2011)country comparison to the world: 82

Literacy:
definition:age 15 and over can read and write
total population:98%
male:99.2%
female:96.9% (2011 est.)


School life expectancy (primary to tertiary education):
total:14 years
male:13 years
female:14 years (2012)


Child labor - children ages 5-14:



Unemployment, youth ages 15-24:
total:51.1% (2012)country comparison to the world: 7


Government


Country name:
conventional long form: Republic of Serbia
conventional short form:Serbia
local long form:Republika Srbija
local short form:Srbija
former:People's Republic of Serbia, Socialist Republic of Serbia


Government type:
republic


Capital:
name:Belgrade (Beograd)
geographic coordinates:44 50 N, 20 30 E
time difference:UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
daylight saving time:+1hr, begins last Sunday in March; ends last Sunday in October


Administrative divisions:
122 municipalities (opstine, singular - opstina) and 23 cities (gradovi, singular - grad)


Independence:
5 June 2006 (from Serbia and Montenegro)


National holiday:
National Day, 15 February


Constitution:
many previous; latest approved by referendum 28-29 October 2006, adopted 30 September 2006, effective 8 November 2006 (2011)


Legal system:
civil law system


International law organization participation:
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction


Suffrage:
18 years of age, 16 if employed; universal


Executive branch:
chief of state:President Tomislav NIKOLIC (since 31 May 2012)
head of government:Prime Minister Aleksandar VUCIC (since 22 April 2014)
cabinet:Republican Ministries act as cabinet
elections:president elected by direct vote for a five-year term (eligible for a second term); election last held on 20 May 2012 (next to be held in 2017); prime minister elected by the National Assembly
election results:Tomislav NIKOLIC elected president in runoff election; percent of vote - NIKOLIC 51.2%, Boris TADIC 48.8%


Legislative branch:
unicameral National Assembly (250 seats; deputies elected according to party lists to serve four-year terms)
elections:last held on 16 March 2016 (next to be held by March 2020)
election results:percent of vote by party/coalition - SNS-led Coalition 48.4%, SPS/PUPS/JS 13.5%, DS 6.0%, Boris Tadic Coalition 5.7%, DSS 4.2%, Dveri 3.6%, LDP-led Coalition 3.4%, URS 3.0%, SVM 2.1%, Enough of that 4.3%, SRS 2.0%, SDA 1.0%, PDD .7%, other and invalid 1.2%; seats by party/coalition - SNS-led Coalition 158, SPS/PUPS/JS 44, DS 19, Boris Tadic Coalition 18, SVM 6, SDA 3, PDD 2


Judicial branch:
highest court(s):Supreme Court of Cassation (consists of more than 60 judges organized into 3- and 5-member panels for criminal, civil, and administrative cases); Constitutional Court (consists of 15 judges)
note - in 2003, specialized panels on war crimes were established within the Serbian court system; the panels have jurisdiction over alleged violations of the Basic Criminal Code and crimes against humanity, international law, and criminal acts as defined by the Statute of the International Criminal Tribunal for the former Yugoslavia
judge selection and term of office:Supreme Court justices proposed by the High Judicial Council (HJC), an 11-member body of which 7 are judges, and elected by the National Assembly; Constitutional Court judges appointed - 5 each by the National Assembly, the president, and the Supreme Court of Cassation; judges of both courts appointed to permanent tenure by the HJC
subordinate courts:appellate courts, higher courts, and municipal and district courts; courts of special jurisdiction include the Administrative Court, Appellate Commercial Court, and two levels of misdemeanor courts


    Political parties and leaders:
Alliance of Vojvodina Hungarians or SVM [Istvan PASZTOR]
Boris Tadic Coalition [Boris TADIC] (includes New Democratic Party-Greens or NDS-Z [Boris TADIC], League of Social Democrats of Vojvodina or LSV [Nenad CANAK], Together for Serbia or ZSS [Dusan PETROVIC], Democratic Alliance of Vojvodina Hungarians or VMDK [Aron CSONKA], Together for Vojvodina [Olena PAPUGA], Democratic Left of Roma or DLR [Jovan DAMJANOVIC])
Democratic Party of Serbia or DSS [Aleksandar Popovic]
Enough of That [Sasa RADULOVIC]
Party for Democratic Action or PDD [Riza HALIMI]
Party of Democratic Action of the Sandzak or SDA [Sulejman UGLJANIN]
Serbian Radical Party or SRS [Vojislav SESELJ]
SNS-led Coalition/A Future We Believe In [Aleksandar VUCIC] (includes Serbian Progressive Party or SNS [Aleksandar VUCIC], Social Democratic Party of Serbia or SDPS [Rasim LJAJIC], New Serbia or NS [Velimir ILIC], Movement of Socialists or PS [Aleksandar VULIN], and Serbian Renewal Movement or SPO [Vuk DRASKOVIC])
United Regions of Serbia [Mladan DINKIC]
With Democratic Party for Democratic Serbia/Democratic Party or DS [Dragan DJILAS]
SPS/PUPS/JS [Ivica DACIC] (includes Socialist Party of Serbia or SPS [Ivica DACIC], Party of United Pensioners of Serbia or PUPS [Jovan KRKOBABIC], United Serbia or JS [Dragan 'Palma' MARKOVIC])
LDP-led Coalition [Cedomir JOVANOVIC] (includes Liberal Democratic Party of LDP [Cedomir JOVANOVIC], Bosniak Democratic Union of Sandzak or BDZS [Esad DZUDZEVIC], Social Democratic Union of SDU [Zarko KORAC])


Political pressure groups and leaders:
1389 (Serbian nationalist movement)


International organization participation:
BIS, BSEC, CD, CE, CEI, EAPC, EBRD, EU (candidate country), FAO, G-9, IAEA, IBRD, ICAO, ICC (national committees), ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MONUSCO, NAM (observer), OAS (observer), OIF (observer), OPCW, OSCE, PCA, PFP, SELEC, UN, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNIFIL, UNMIL, UNOCI, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer)


Diplomatic representation in the US:
chief of mission:Ambassador (vacant); Charge d'Affaires Vladimir JOVICIC (since 3 December 2013)
chancery:2134 Kalorama Road NW, Washington, DC 20008
telephone:[1] (202) 332-0333
FAX:[1] (202) 332-3933
consulate(s) general:Chicago, New York


Diplomatic representation from the US:
chief of mission:Ambassador Michael KIRBY (since 11 September 2012)
embassy:92 Bulevar kneza Aleksandra Karadjordjevica, 11040 Belgrade, Serbia
mailing address:5070 Belgrade Place, Washington, DC 20521-5070
telephone:[381] (11) 706-4000
FAX:[381] (11) 706-4005


Flag description:
three equal horizontal stripes of red (top), blue, and white - the Pan-Slav colors representing freedom and revolutionary ideals; charged with the coat of arms of Serbia shifted slightly to the hoist side; the principal field of the coat of arms represents the Serbian state and displays a white two-headed eagle on a red shield; a smaller red shield on the eagle represents the Serbian nation, and is divided into four quarters by a white cross; interpretations vary as to the meaning and origin of the white, curved symbols resembling firesteels or Cyrillic 'C's' in each quarter; a royal crown surmounts the coat of arms


National symbol(s):
double-headed eagle


National anthem:
name:'Boze pravde' (God of Justice)

lyrics/music:Jovan DORDEVIC/Davorin JENKO
note:adopted 1904; the song was originally written as part of a play in 1872 and has been used as an anthem by the Serbian people throughout the 20th and 21st centuries


Economy


Economy - overview:
Serbia has a transitional economy largely dominated by market forces, but the state sector remains significant in certain areas and many institutional reforms are needed. The economy relies on manufacturing and exports, driven largely by foreign investment. MILOSEVIC-era mismanagement of the economy, an extended period of international economic sanctions, civil war, and the damage to Yugoslavia's infrastructure and industry during the NATO airstrikes in 1999 left the economy only half the size it was in 1990. After the ousting of former Federal Yugoslav President MILOSEVIC in September 2000, the Democratic Opposition of Serbia (DOS) coalition government implemented stabilization measures and embarked on a market reform program. After renewing its membership in the IMF in December 2000, Serbia continued to reintegrate into the international community by rejoining the World Bank (IBRD) and the European Bank for Reconstruction and Development (EBRD). Serbia has made progress in trade liberalization and enterprise restructuring and privatization, but many large enterprises - including the power utilities, telecommunications company, natural gas company, and others - remain in state hands. Serbia has made some progress towards EU membership, signing a Stabilization and Association Agreement with Brussels in May 2008, and with full implementation of the Interim Trade Agreement with the EU in February 2010, gained candidate status in March 2012. In January 2014, Serbia's EU accession talks officially opened. Serbia's negotiations with the World Trade Organization are advanced, with the country's complete ban on the trade and cultivation of agricultural biotechnology products representing the primary remaining obstacle to accession. Serbia's program with the IMF was frozen in early 2012 because the 2012 budget approved by parliament deviated from the program parameters; the arrangement is now void. However, an IMF mission visited Serbia in February 2014 to initiate discussions with Serbian authorities on a possible new IMF arrangement and these talks will continue following the formation of the new government. High unemployment and stagnant household incomes are ongoing political and economic problems. Structural economic reforms needed to ensure the country's long-term prosperity have largely stalled since the onset of the global financial crisis. Growing budget deficits constrain the use of stimulus efforts to revive the economy and contribute to growing concern of a public debt crisis, given that Serbia's total public debt as a share of GDP doubled between 2008 and 2013. Serbia's concerns about inflation and exchange-rate stability may preclude the use of expansionary monetary policy. During the recent election campaign, the victorious SNS party promised comprehensive economic reform during the first half of 2014 to address issues with the fiscal deficit, state-owned enterprises, the labor market, construction permits, bankruptcy and privatization, and other areas. Major challenges ahead include: high unemployment rates and the need for job creation; high government expenditures for salaries, pensions, healthcare, and unemployment benefits; a growing need for new government borrowing; rising public and private foreign debt; attracting new foreign direct investment; and getting the IMF program back on track. Other serious longer-term challenges include an inefficient judicial system, high levels of corruption, and an aging population. Factors favorable to Serbia's economic growth include its strategic location, a relatively inexpensive and skilled labor force, and free trade agreements with the EU, Russia, Turkey, and countries that are members of the Central European Free Trade Agreement (CEFTA).


GDP (purchasing power parity):
$80.47 billion (2013 est.)
country comparison to the world: 81
$78.89 billion (2012 est.)
$80.3 billion (2011 est.)
note:data are in 2013 US dollars


GDP (official exchange rate):
$43.68 billion (2013 est.)


GDP - real growth rate:
2% (2013 est.)
country comparison to the world: 141
-1.7% (2012 est.)
1.6% (2011 est.)


GDP - per capita (PPP):
$11,100 (2013 est.)
country comparison to the world: 111
$10,900 (2012 est.)
$11,100 (2011 est.)
note:data are in 2013 US dollars


Gross national saving:
26.7% of GDP (2013 est.)
country comparison to the world: 40
28.3% of GDP (2012 est.)
22.6% of GDP (2011 est.)


GDP - composition, by end use:
household consumption:75.8%
government consumption:19.2%
investment in fixed capital:16.3%
investment in inventories:5.4%
exports of goods and services:42.7%
imports of goods and services:-59.4%
(2013 est.)


GDP - composition, by sector of origin:
agriculture:7.9%
industry:31.8%
services:60.3% (2013 est.)


Agriculture - products:
wheat, maize, sunflower, sugar beets, fruits (raspberries, apples, sour cherries), vegetables (tomatoes, peppers, potatoes), beef, pork, and meat products, milk and dairy products, grapes/wine


Industries:
automobiles, base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes, pharmaceuticals


Industrial production growth rate:
5.5% (2013 est.)
country comparison to the world: 49

Labor force:
1.703 million (2013 est.)
country comparison to the world: 125


    Labor force - by occupation:
agriculture:23.9%
industry:16.5%
services:59.6% (2013 est.)


Unemployment rate:
20.1% (2013 est.)
country comparison to the world: 163
22.4% (2012 est.)


Population below poverty line:
9.1% (2013 est.)


Distribution of family income - Gini index:
38 (2013 est.)
country comparison to the world: 72
28.2 (2008 est.)


Budget:
revenues:$17.47 billion
expenditures:$19.6 billion
note:this is the consolidated budget, including both central government and local goverment budgets (2013 est.)


Taxes and other revenues:
40% of GDP (2013 est.)
country comparison to the world: 43

Budget surplus (+) or deficit (-):
-4.9% of GDP (2013 est.)
country comparison to the world: 165


Public debt:
61.2% of GDP (2013 est.)
country comparison to the world: 47
59.3% of GDP (2012 est.)
note:data cover general government debt, and includes debt instruments issued or owned by government entities other than the treasury (for which the GOS issued guarantees); the data include treasury debt held by foreign entities; the data include debt issued by subnational entities (for which the GOS issued guarantees), as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment, debt instruments for the social funds are not sold at public auctions


Inflation rate (consumer prices):
2.2% (2013 est.)
country comparison to the world: 80
12.2% (2012 est.)


Central bank discount rate:
9.5% (18 March 2014)
country comparison to the world: 21
11.75% (6 February 2013)


Commercial bank prime lending rate:
13.85% (31 December 2013 est.)
country comparison to the world: 41
14.99% (31 December 2012 est.)


Stock of narrow money:
$4.626 billion (31 December 2013 est.)
country comparison to the world: 104
$3.595 billion (31 December 2012 est.)


Stock of broad money:
$20.47 billion (31 December 2013 est.)
country comparison to the world: 85
$19.12 billion (31 December 2012 est.)


Stock of domestic credit:
$25.48 billion (31 December 2013 est.)
country comparison to the world: 72
$26.26 billion (31 December 2012 est.)


Market value of publicly traded shares:
$9.199 billion (31 December 2013 est.)


Current account balance:
-$1.807 billion (2013 est.)
country comparison to the world: 137
-$4.012 billion (2012 est.)


Exports:
$14.61 billion (2013 est.)
country comparison to the world: 82
$11.35 billion (2012 est.)


Exports - commodities:
iron and steel, rubber, clothes, wheat, fruit and vegetables, nonferrous metals, electric appliances, metal products, weapons and ammunition, automobiles


Imports:
$20.54 billion (2013 est.)
country comparison to the world: 78
$19.01 billion (2012 est.)


Reserves of foreign exchange and gold:
$15.87 billion (31 December 2013 est.)
country comparison to the world: 67
$14.4 billion (31 December 2012 est.)


Debt - external:
$33.6 billion (31 December 2013 est.)
country comparison to the world: 71
$33.42 billion (31 December 2012 est.)


Stock of direct foreign investment - at home:
$26.41 billion (31 December 2009 est.)
country comparison to the world: 66
$11.95 billion (2006 est.)


Stock of direct foreign investment - abroad:
$NA


Exchange rates:
Serbian dinars (RSD) per US dollar -
85.67 (2013 est.)
87.992 (2012 est.)
77.729 (2010 est.)
67.634 (2009)
62.9 (2008)


Energy


Electricity - production:
37.65 billion kWh (2013 est.)
country comparison to the world: 61


Electricity - consumption:
28.04 billion kWh (2013 est.)
country comparison to the world: 63


Electricity - exports:
5.707 billion kWh (2013 est.)
country comparison to the world: 26


Electricity - imports:
5.835 billion kWh (2013 est.)
country comparison to the world: 35


Electricity - installed generating capacity:
7.379 million kW (2013 est.)
country comparison to the world: 68


Electricity - from fossil fuels:
57.5% of total installed capacity (2013 est.)
country comparison to the world: 137


Electricity - from nuclear fuels:
0% of total installed capacity (2013 est.)
country comparison to the world: 167


Electricity - from hydroelectric plants:
39% of total installed capacity (2013 est.)
country comparison to the world: 61


Electricity - from other renewable sources:
3.5% of total installed capacity (2013 est.)
country comparison to the world: 56


Crude oil - production:
24,500 bbl/day (2013 est.)
country comparison to the world: 74


Crude oil - exports:
0 bbl/day (2013 est.)
country comparison to the world: 171


Crude oil - imports:
33,330 bbl/day (2013 est.)
country comparison to the world: 62


    Crude oil - proved reserves:
77.5 million bbl (1 January 2013 est.)
country comparison to the world: 75


Refined petroleum products - production:
65,720 bbl/day (2013 est.)
country comparison to the world: 78


Refined petroleum products - consumption:
72,770 bbl/day (2013 est.)
country comparison to the world: 89


Refined petroleum products - exports:
16,060 bbl/day (2013 est.)
country comparison to the world: 75


Refined petroleum products - imports:
31,120 bbl/day (2013 est.)
country comparison to the world: 90


Natural gas - production:
484.7 million cu m (2013 est.)
country comparison to the world: 71


Natural gas - consumption:
2.827 billion cu m (2013 est.)
country comparison to the world: 75


Natural gas - exports:
0 cu m (2013 est.)
country comparison to the world: 169


Natural gas - imports:
2.45 billion cu m (2013 est.)
country comparison to the world: 45


Natural gas - proved reserves:
48.14 billion cu m (1 January 2013 est.)
country comparison to the world: 66


Carbon dioxide emissions from consumption of energy:
62 million Mt (2013 est.)



Communications


Telephones - main lines in use:
2.977 million (2012)
country comparison to the world: 50


Telephones - mobile cellular:
9.138 million (2012)
country comparison to the world: 85


Telephone system:
general assessment:replacements of, and upgrades to, telecommunications equipment damaged during the 1999 war has resulted in a modern digitalized telecommunications system
domestic:wireless service, available through multiple providers with national coverage, is growing very rapidly; best telecommunications services are centered in urban centers; 3G mobile network launched in 2007
international:country code - 381 (2011)



    Internet country code:
.rs


Internet hosts:
1.102 million (2012)
country comparison to the world: 44


Internet users:
4.107 million (2009)
country comparison to the world: 57



Transportation


Airports
26 (2013)
country comparison to the world: 127


Airports - with paved runways
total:10
over 3,047 m:2
2,438 to 3,047 m:3
1,524 to 2,437 m:3
914 to 1,523 m:2 (2013)


Airports - with unpaved runways
total:16
1,524 to 2,437 m:1
914 to 1,523 m:10
under 914 m:
5 (2013)


    Heliports
2 (2012)


Railways
total:3,809 kmcountry comparison to the world: 46
standard gauge:3,809 km 1.435-m gauge (1,279 km electrified) (2010)


Roadways
total:44,248 kmcountry comparison to the world: 81
paved:28,000 km
unpaved:16,248 km (2010)


Waterways



Military


Military branches
Serbian Armed Forces (Vojska Srbije, VS): Land Forces Command (includes Riverine Component, consisting of a river flotilla on the Danube), Air and Air Defense Forces Command (2012)


Military service age and obligation
18 years of age for voluntary military service; conscription abolished December 2010; reserve obligation to age 60 for men and age 50 for women (2013)


Manpower fit for military service
males age 16-49:1,395,426
females age 16-49:1,356,415 (2010 est.)


    Manpower reaching militarily significant age annually
male:43,945
female:41,080 (2010 est.)


Military expenditures
2.21% of GDP (2012)
country comparison to the world: 36
2.28% of GDP (2011)
2.21% of GDP (2010)


Transnational Issues


Disputes - international
Serbia with several other states protest the US and other states' recognition of Kosovo's declaration of its status as a sovereign and independent state in February 2008; ethnic Serbian municipalities along Kosovo's northern border challenge final status of Kosovo-Serbia boundary; several thousand NATO-led Kosovo Force peacekeepers under United Nations Interim Administration Mission in Kosovo authority continue to keep the peace within Kosovo between the ethnic Albanian majority and the Serb minority in Kosovo; Serbia delimited about half of the boundary with Bosnia and Herzegovina, but sections along the Drina River remain in dispute


    Refugees and internally displaced persons
refugees (country of origin):41,762 (Croatia); 15,296 (Bosnia and Herzegovina) (2013)
IDPs:97,300 (most are Kosovar Serbs, some are Roma, Ashkalis, and Egyptian (RAE); some RAE IDPs are unregistered) (2013)
stateless persons:8,500 (includes stateless persons in Kosovo) (2012)



Illicit drugs
transshipment point for Southwest Asian heroin moving to Western Europe on the Balkan route; economy vulnerable to money laundering

Information provided by CIA - The World Fact Book



Doing Business in Serbia 2017


           
 

 
Serbia

  Ease of Doing Business Rank
Overall DTF
47
72.29
 
 
Starting a Business (rank)
47
 
 
Protecting Minority Investors (rank)
70
 
  DTF
91.67
 
  DTF
56.67
 
  Procedures - Men (number)
5.0
 
  Strength of minority investor protection index (0-10)
5.7
 
  Time - Men (number)
7.0
 
  Extent of conflict of interest regulation index (0-10)
5.0
 
  Cost - Men (days)
6.5
 
  Extent of disclosure index (0-10)
4.0
 
  Procedures - Women (days)
5.0
 
  Extent of director liability index (0-10)
6.0
 
  Time - Women (% of income per capita)
7.0
 
  Ease of shareholder suits index (0-10)
5.0
 
  Cost - Women (% of income per capita)
6.5
 
  Extent of shareholder governance index (0-10)
6.3
 
  Paid-in min. capital (% of income per capita)
0.0
 
  Extent of shareholder rights index (0-10)
6.0
 
 

 
  Extent of ownership and control index (0-10)
7.0
 
  Dealing with Construction Permits (rank)
36
 
  Extent of corporate transparency index (0-10)
6.0
 
  DTF
76.30
 
 

 
  Procedures (number)
12.0
 
  Paying Taxes (rank)
78
 
  Time (days)
156.0
 
  DTF
74.36
 
  Cost (% of warehouse value)
3.2
 
  Payments (number per year)
33.0
 
  Building Quality Control Index(0-15)
13.0
 
  Time (hours per year)
225.5
 
  Quality of building regulations index (0-2)
1.0
 
  Total tax rate (% of profit)
39.7
 
  Quality control before construction index (0-1)
1.0
 
  Profit tax (% of profit)
16.0
 
  Quality control during construction index (0-3)
2.0
 
  Labor tax and contributions (% of profit)
20.2
 
  Quality control after construction index (0-3)
3.0
 
  Other taxes (% of profit)
3.5
 
  Liability and insurance regimes index (0-2)
2.0
 
  Postfiling index (0-100)
94.0
 
  Professional certifications index (0-4)
4.0
 
 
 
 
   
 
 
  Trading Across Borders (rank)
23
 
  Getting Electricity (rank)
92
 
  DTF
96.64
 
  DTF
69.93
 
  Time to export: Border compliance (hours)
4
 
  Procedures (number)
5.0
 
  Cost to export: Border compliance (USD)
47
 
  Time (days)
125.0
 
  Time to export: Documentary compliance (hours)
2
 
  Cost (% of income per capita)
235.8
 
  Cost to export: Documentary compliance (hours) (USD)
35
 
  Reliability of supply and transparency of tariff index (0-8)
5.0
 
  Time to import: Border compliance (hours)
4
 
  Total duration and frequency of outages per customer a year (0-3)
1.0
 
  Cost to import: Border compliance (USD)
52
 
  Mechanisms for monitoring outages (0-1)
1.0
 
  Time to import: Documentary compliance (hours)
3
 
  Mechanisms for restoring service (0-1)
1.0
 
  Cost to import: Documentary compliance (USD)
35
 
  Regulatory monitoring (0-1)
1.0
 
   
 
 
  Financial deterrents aimed at limiting outages (0-1)
0.0
 
  Enforcing Contracts (rank)
61
 
  Communication of tariffs and tariff changes (0-1)
1.0
 
  DTF
61.41
 
  Price of electricity (US cents per kWh)
6.8
 
  Time (days)
635.0
 
   
 
 
  Cost (% of claim)
40.8
 
  Registering Property (rank)
56
 
  Quality of judicial processes index (0-18)
13.0
 
  DTF
71.31
 
   
 
 
  Procedures (number)
6.0
 
  Resolving Insolvency (rank)
47
 
  Time (days)
21.0
 
  DTF
59.66
 
  Cost (% of property value)
2.8
 
  Recovery rate (cents on the dollar)
32.5
 
  Quality of the land administration index (0-30)
16.5
 
  Time (years)
2.0
 
  Reliability of infrastructure index (0-8)
4.0
 
  Cost (% of estate)
20.0
 
  Transparency of information index (0-6)
3.5
 
  Outcome (0 as piecemeal sale and 1 as going concern)
0
 
  Geographic coverage index (0-8)
4.0
 
  Strength of insolvency framework index (0-16)
13.5
 
  Land dispute resolution index (0-8)
5.0
 
  Commencement of proceedings index (0-3)
2.5
 
  Equal access to property rights index (-2-0)
0.0
 
  Management of debtor's assets index (0-6)
6.0
 
 
 
 
  Reorganization proceedings index (0-3)
3.0
 
  Getting Credit (rank)
44
 
  Creditor participation index (0-4)
2.0
 
  DTF
65.00
 
   
 
 
  Strength of legal rights index (0-12)
6.0
 
   
 
 
  Depth of credit information index (0-8)
7.0
 
 
 
 
  Credit registry coverage (% of adults)
0.0
 
   
 
 
  Credit bureau coverage (% of adults)
100.0
 
 
 
 
 

 
   
 
 
 
 
 
 



Information provided by The World Bank Group

 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | DISCLAIMER |  © World Services Group, 2017