Serbia: economy, interest rate and stock market
The central bank's policy rate is 5.75% (unchanged over 12 months). Inflation was 3.9% in 2025 and GDP grew 2.0% (World Bank).
Interest rate
5.75% set by National Bank of Serbia. Last change: −0.25 pt on 12 Sep 2024. Over 12 months: unchanged. As of 12 Oct 2026.
| Took effect | Rate | Change |
|---|---|---|
| 12 Sep 2024 | 5.75% | −0.25 pt |
| 11 Jul 2024 | 6.00% | −0.25 pt |
| 13 Jun 2024 | 6.25% | −0.25 pt |
| 13 Jul 2023 | 6.50% | +0.25 pt |
| 8 Jun 2023 | 6.25% | +0.25 pt |
| 6 Apr 2023 | 6.00% | +0.25 pt |
| 9 Mar 2023 | 5.75% | +0.25 pt |
| 9 Feb 2023 | 5.50% | +0.25 pt |
| 12 Jan 2023 | 5.25% | start of our data |
All countries: central bank interest rates. Rates move stocks through borrowing costs and the currency: rising rates usually weigh on rate-sensitive stocks and help banks, falling rates the opposite.
Economy at a glance
| Measure | Latest | Year |
|---|---|---|
| Economy size (GDP) | $100.0 billion | 2025 |
| GDP per person | $15,262 | 2025 |
| GDP growth | 2.0% | 2025 |
| Inflation (consumer prices) | 3.9% | 2025 |
| Unemployment | 7.1% | 2025 |
| Population | 6.5 million | 2025 |
| Current account balance, % of GDP | -4.9% | 2025 |
| Exports of goods and services, % of GDP | 54.3% | 2025 |
| Imports of goods and services, % of GDP | 58.6% | 2025 |
Source: World Bank World Development Indicators, annual figures. The latest year is usually the previous calendar year, so these numbers are not live and are revised later by the World Bank.
Trade structure
Share of merchandise exports and imports by product group. ■ exports ■ imports.
- Exports plus imports equal 113% of GDP, so the economy is very open to trade: global conditions reach it quickly.
- The current account was a deficit of 4.9% of GDP (2025): the country spends more abroad than it earns and relies on foreign capital to fill the gap.
These describe the structure of trade, using the figures above. They are not forecasts and not investment advice. Latest available year differs by group (usually 2024 or 2025).
More on Serbia
Sources: Bank for International Settlements and central bank decisions (policy rates), World Bank (economy and trade), StocksXray price history (index). Educational only, not financial advice.