foreign reserves

Republic of Serbia’s balance of payments

During January-October 2023, the current account deficit of the Republic of Serbia amounted to 1,010.6 million euros, marking a notable decrease of 2,488.3 million euros or 71.1% compared to the same period in the previous year, when the deficit stood at 3,498.9 million euros. This reduction in the deficit was primarily driven by a smaller deficit in the overall foreign trade turnover, which decreased by 3,555.8 million euros or 56.7%. Trade in Goods and Services The deficit in foreign trade…