Serbia

Serbia is country of Europe located in central Europe.

Details

Official Name:Republic of Serbia
Capital:Belgrade
Total area:88 361 km2
GDP per capita:$13,004
Native Language:Serbian
Government:Parliamentary republic
Population:7,186,862
Major Religion:Eastern Orthodox Christianity
Monetary Unit:Serbian dinar (RSD)

Serbia, officially the Republic of Serbia, is a country located at the crossroads of Central and Southeast Europe, covering the southern part of the Pannonian Plain and the central Balkans. A landlocked country (78 km from the Adriatic sea), Serbia borders Hungary to the north; Romania and Bulgaria to the east; Macedonia to the south; and Croatia, Bosnia, and Montenegro to the west; also, it borders Albania through the disputed territory of Kosovo. The capital of Serbia, Belgrade, is among Europe's oldest cities, and one of the largest in East Central Europe.

Economy

Serbia has a transitional economy mostly dominated by services, manufacturing and agriculture. The economy is heavily reliant on exports and foreign investment. Since 2000, Serbia has attracted over $25 billion USD in foreign direct investment (FDI). Although average GDP growth over ten years has been 4.45% per year, Serbia suffers from a high unemployment rate (23.7% as of February 2012) and an unfavorable trade deficit.

Serbia is classed as an upper-middle income economy. GDP (PPP) for 2013 is estimated at $96.76 billion or $13,004 per capita (PPP). GDP per capita stood at 35% of the EU average in 2011.

Serbia has free-trade agreements with the EFTA and CEFTA, a preferential trade regime with the European Union, a Generalized System of Preferences with the United States, and individual free-trade agreements with Russia, Belarus, Kazakhstan, and Turkey.