The monthly minimum wage in Serbia is 223 USD. Serbia has a public debt of 61.5% of the country's gross domestic product (GDP), estimated in 2012. In terms of consumer prices, the inflation rate in Serbia is 2.2%. The currency of Serbia is Serbian dinar. The plural form of the word Serbian dinar is dinar. The symbol used for this currency is Din and is abbreviated as RSD. The Serbian dinar is divided into para; there are 100 in a dinar. Every year, consumers spend around $30,956 million. The ratio of consumer spending to GDP in Serbia is 0.07%, and the ratio of consumer spending to the world consumer market is 8.92%. Corporate tax in Serbia is 15%. Personal income tax ranges from 10% to 25% depending on your specific situation and income level. VAT in Serbia is 20%. In 2013, Serbia received USD 1089.8 million in foreign aid. In 2014, foreign aid was $1379.2.
Gross domestic product
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Serbia is US$95,842 billion. Gross Domestic Product (GDP) per capita calculated in Purchasing Power Parity (PPP) in Serbia was last recorded at $10,938,337. PPP in Serbia is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Serbia is 45,520 billion. Based on this statistic, Serbia is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in Serbia was last seen at $5,195,145. The average citizen in Serbia has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual growth rate of GDP in Serbia in 2014 averaged -0.5%. According to this percentage, Serbia is currently experiencing a slight decrease. Countries with a slight decline may see a slight decline in personal consumption, employment rate, or personal income. A slight drop in GDP may indicate a risky location for investment; However, some strong economies occasionally experience a slight decline and are still safe investment locations.
