In 2023, Serbia’s economy demonstrated significant growth and profitability despite challenges in the macroeconomic environment. According to the report from the Business Registers Agency (APR), the top 100 companies accounted for 29.3% of the total business revenue across the economy. These companies employed 212,480 workers, representing 16.2% of the total workforce in the country.
Key insights from the report:
- Business revenue: The top 100 companies generated 29.3% of the total revenue for the entire economy, with an average share of 26.6% in key financial performance metrics.
- Employment: These companies employed a substantial number of people, contributing significantly to the overall employment figures in the Serbian economy.
- Profitability trends: The report highlighted that the largest companies (86 of them) showed high profitability, while medium (9) and micro-enterprises (5) also recorded notable increases in net profit.
- Financial health: Out of 111,736 companies analyzed for their business performance, 353 were ranked in the APR report, reflecting their substantial impact on the overall financial metrics of the economy.
Overall, the data suggests a positive outlook for the Serbian economy, with established companies leading the way in terms of revenue and profitability.
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