capital structure

Serbia’s External Financial Position Shows Stability Amid Structural Changes

Serbia's external accounts for 2025 indicate a steady state, with headline indicators suggesting a reassuring stabilization. The country's net international investment position (IIP) remains significantly negative at approximately €52 billion, which is about 61-62% of GDP. This positions Serbia among emerging European economies that are structurally indebted, highlighting its ongoing reliance on foreign capital for growth and development. Despite the negative IIP, the relationship between Serbia's external liabilities and economic output has shown signs of improvement. The ratio of external…