Serbia Economy

For Serbia’s economy, it is the service and agricultural sectors that are particularly important. UN economic sanctions in place between 1992-1995, and the damage to the country's infrastructure and industry during the NATO airstrikes in 1999 damaged Serbia’s economy. It further suffered as a consequence of it losing the markets it had previously served in the former Yugoslavia and the SEV.

Many economic problems remain such as the high unemployment rate, high export deficit and large public debt, however prospects are generally now thought to be good for the country.

After 2000, the country experienced a certain degree of economic growth. Preparation for membership of the European Union has forced economic reforms which have had a positive impage, whilst the EU is now also Serbia's most important trading partner.

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