Serbia Country Economic Memorandum : Productivity and Exports
In order to have both dynamic and better
balanced growth, Serbia needs to rely more on exports. In
the last decade, Serbia's growth has depended primarily
on demand that was fueled by excessive debt finance. In the
future, the Serbian economy would be better served by
increasing its reliance on exports as a new, potentially
powerful source of growth. Serbia's export share of
Gross Domestic Product (GDP) is currently 25 percent, but