ECONOMY OF BELGRADE

According to the latest available data, the Belgrade region participates with 39.6 percent in GDP of the Republic of Serbia. With 797 thousand dinars of GDP per capita in 2012, the Belgrade region has a 71 percent higher per capita amount compared to the national average. That is the decrease of approximately 1.5 percent comparing to data from 2011, but the position of the Serbian capital in relation to the other three regions is almost identical.

With a total of 112,451 businesses, as was in July 2014, of which the 54,580 were companies and 57,871 entrepreneurs, the economy of the City of Belgrade has achieved the following performance:

  • Total industrial production in Belgrade in July 2014 decreased by 14.1 percent compared to the average of 2013. Industrial production in the period January - July 2014 compared to the same period in 2013 decreased by 5.2 percent. Production in the period January - July 2014, compared to the same period in 2013 in the sector "Mining", is less by 6.3 percent, in the sector "Manufacturing" is lower by 3.1 per cent, in the sector of "Electricity, gas, steam and air conditioning "decreased by 7.5 percent;

  • Export/import - foreign trade deficit in the economy of Belgrade was 3293.5 million dollars in the first seven months of 2014. The total value of foreign trade economy of Belgrade in the period of January-July 2014 is: 1856.9 million dollars export, 5150.4 million dollars import, while the import-export coverage is 36 percent. Participation of the Belgrade region in Serbian exports, for the period January-July, stood at 20.9 percent, preceded by Region Šumadija and Western Serbia (32.8 percent) and the Vojvodina region (33 percent), while the participation of Belgrade in Serbian imports with  42.3 percent was the largest comparing to other regions;

  • Construction - the largest construction activity observed by the regions, was recorded in the Region of South Backa- 21.2 percent of the anticipated value of the building, Region of Belgrade- 17.2 percent, County of Srem-- 15.8 percent, County of South Banat- 9.9 percent, and County of Pomoravlje- ​​5.5 percent, while the shares of other areas make up to 4.0 percent. The highest average price of new apartments in the first semester of 2014 was agreed in the City of Belgrade and it was 176,055 dinars, which represents an increase of 5.7% compared to the second half of 2013. Expressed in euro, in that period, prices in the City of Belgrade grew by 4.5% compared with the second half of 2013;

  • Internal trade - in the period January - May 2014, the turnover of retail trade, observing the indexes of sale and purchase of agricultural, forestry and fisheries, the Belgrade region decreased by 6.1 percent compared to the same period in 2013;

  • Tourism - in the period January - July 2014 Belgrade was visited by a total of 409,342 tourists (89,743 local and 319,599 foreign visitors), which represents an increase of 6 percent compared to the same period last year. For the first six months in 2014, 833,171 overnight stays were recorded, which represents an increase in total number of overnight stays of 3 percent compared to the same period in 2013.

According to the Labour Force Survey, which was conducted in the second quarter of 2014, the unemployment rate in the Belgrade region was 18.3 percent, while the employment rate stood at 38.9 percent. In late March 2014, there were 554,185 employees in the Belgrade region, which is 3.07 percent (17,535 persons) less than in March 2013, while the number of unemployed persons was 110,147.

In July 2014, average salary in Belgrade was 77,919 dinars. Compared to the average salaries in June 2014, it was nominally higher by 1.5 percent and in real terms for 1.8 percent. The average net salary in Belgrade in July 2014, was 56,652 dinars. Compared to the average salaries and wages in June 2014, it was nominally higher for 1,7 percent, which is 2.0 percent in real terms.