Europe > Serbia and Montenegro > Economy

View full size

Big Mac Index	$2.08		[44th of 65]
Cash surplus/deficit > % of GDP	-2.96 %		[58th of 97]
DEFINITION: Cash surplus or deficit is revenue (including grants) minus expense, minus net acquisition of nonfinancial assets. In the 1986 GFS manual nonfinancial assets were included under revenue and expenditure in gross terms. This cash surplus or deficit is closest to the earlier overall budget balance (still missing is lending minus repayments, which are now a financing item under net acquisition of financial assets).		View time series
SOURCE: The Economist.
GDP deflator	1,078.87		[24th of 188]
DEFINITION: The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country.		View time series
SOURCE: World Development Indicators database
GDP growth > annual %	4.68 annual %		[88th of 187]
DEFINITION: Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.		View time series
SOURCE: World Development Indicators database
GDP per capita > constant LCU	20054.93
DEFINITION: GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.		View time series
SOURCE: World Development Indicators database
GINI index	30.02		[33rd of 40]
DEFINITION: Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.		View time series
SOURCE: World Development Indicators database
Gross fixed capital formation > constant 2000 US$	2,385,285,000 constant 2000 US$		[74th of 145]
DEFINITION: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2000 U.S. dollars.		View time series
SOURCE: World Development Indicators database
Growth competitiveness score	3.23		[87th of 102]
DEFINITION: The GCI, or the Growth competitiveness index, is composed of three pillars, all of which are widely accepted as being critical to economic growth: the quality of the macroeconomic environment, the state of a country's public institutions, and, given the increasing importance of technology in the development process, a country's technological readiness. The GCI aims specifically to gauge the ability of the world's economies to achieve sustained economic growth over the medium to long term.
SOURCE: World Development Indicators database
Household final consumption expenditure, etc. > constant 2000 US$	10,490,700,000 constant 2000 US$		[58th of 136]
DEFINITION: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in constant 2000 U.S. dollars.		View time series
SOURCE: World economic forum - Global Competitiveness Report 2004-2005
Income category	Lower middle income
DEFINITION: World Bank income categories are used
SOURCE: World Development Indicators database
Inflation > Duration 2000-2003	48.9
DEFINITION: Approximate average inflation rate 200-2003.
SOURCE:
Inflation, GDP deflator > annual %	17.26 annual %		[19th of 186]
DEFINITION: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.		View time series
SOURCE: IMF, World Economic Outlook Database
Informal economy	29.1%		[63rd of 104]
DEFINITION: The easiest definition of the informal economy is: Street traders and street vendors; Itinerant or seasonal or temporary job workers on building sites or road work; and those in between the streets and home,(e.g. waste collectors)
SOURCE: World Development Indicators database
International tourism, number of arrivals	725,000		[82nd of 190]
DEFINITION: International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited.		View time series
SOURCE: World Bank
Market capitalization of listed companies > current US$	5,408,703,000 $		[70th of 110]
DEFINITION: Market capitalization (also known as market value) is the share price times the number of shares outstanding. Listed domestic companies are the domestically incorporated companies listed on the country's stock exchanges at the end of the year. Listed companies does not include investment companies, mutual funds, or other collective investment vehicles. Data are in current U.S. dollars.		View time series
SOURCE: World Development Indicators database
Services, etc., value added > constant 2000 US$	5,206,255,000 constant 2000 US$		[74th of 164]
DEFINITION: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant 2000 U.S. dollars.		View time series
SOURCE: World Development Indicators database
Services, etc., value added > current US$	10,601,210,000 $		[61st of 172]
DEFINITION: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.		View time series
SOURCE: World Development Indicators database
Technology index	3.3		[73rd of 101]
DEFINITION: The technology index denotes the country's technological readiness. This index is created with such indicators as companies spending on R&D, the creativity of its scientific community, personal computer and internet penetration rates.
SOURCE: World Development Indicators database
Tourist arrivals by region of origin > Europe	683,031		[54th of 195]
SOURCE: World economic forum - Global Competitiveness Report 2004-2005		View time series
Trade with US > US exports of textile, sewing machines	121		[111st of 183]
DEFINITION: US exports of textile, sewing machines, USD Thousands, 2004
SOURCE: Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization

Related links:

• Forum discussion > Economy
• Looking for Information on the U.S. Economy? Check out StateMaster
• Stay updated with current stat feeds! Subscribe to the Economy RSS / Atom feeds
•  Subscribe to our popular Economy factoids RSS / Atom feeds
• Save this page on  del.icio.us / furl / your bookmarks

More facts and figures on Serbia and Montenegro