The real GDP per capita in Serbia for 2024 is only 26,6 percent of the average real GDP per capita in the European Union
Data recently published by the Statistical Agency European Union (EU) Eurostat show that when it comes to real gross domestic product (GDP), Serbia is one of the poorest countries in Europe.
The average real GDP per capita in the EU in 2024 was 33.530 euros, with Luxembourg being the absolute record holder with 100.880 euros.
At the same time, the real GDP per capita in Serbia last year was EUR 8.900, which means that the real GDP per capita in Serbia is only 26,6 percent of the average real GDP per capita in the EU for 2024.
How did we overtake Croatia?
For example, in neighboring Croatia the real GDP per capita in 2024 was significantly higher than in Serbia - 16.690 euros, and in Hungary the difference compared to Serbia is significant - 16.190 euros.
The President of Serbia, Aleksandar Vučić, especially likes to point out that Serbia is ahead of Croatia in every respect, which has been a member of the European Union for a long time, and since a few years ago, of the Eurozone and Schengen.
When it comes to the countries created by the breakup of Yugoslavia, the real GDP per capita shows that Slovenia has progressed the farthest, because in 2024, the real GDP in that country was 25.380 euros.
And Bulgaria is better than Serbia.
Even the lowest-ranked EU country of the Western Balkans, Bulgaria, is better than Serbia with 11.300 euros of real GDP per capita in 2024.
Although data for 2024 are not included for Albania, Bosnia and Herzegovina and North Macedonia, data from previous years show that these are the only countries with a lower real GDP per capita than Serbia.
Real GDP per capita is an economic indicator that measures the average economic output per person in a country, taking inflation into account. The data are all the worse, because inflation in Serbia is among the highest in Europe.
In addition, according to the projections of the Ministry of Finance, the public debt of Serbia will increase by 2,6 billion euros by the end of the year and will amount to a total of 41,9 billion euros.
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