Serbia's National Debt has Doubled in the Last 10 Years

World | January 7, 2020, Tuesday // 08:15|  views

Serbia's debt has almost doubled in the last decade, rising steadily over the last two years, reaching over half of the Balkan country's GDP. According to experts this is a very high level of indebtedness for the Serbian economy that has low productivity.

Serbia's national debt reached EUR 24.12 billion at the end of November 2019, representing 52.4% of GDP, the finance ministry of Bulgaria's western neighbour reported.

At the end of October, it amounted to EUR 23.97 billion, or 52% of GDP.

At the end of 2018, this indicator was EUR 23.01 billion or 53.7% of GDP.

Belgrade's government debt has nearly doubled in ten years. In 2008, it was 28.3%.

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Tags: Serbia, debt, GDP


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