Finance Minister Siniša Mali announced positive news for the Serbian economy, highlighting the latest data showing a decline in the unemployment rate to 8.1% in the third quarter of this year. At the same time, the employment rate has reached a historic high of 51.9%.
Mali emphasized that this achievement reflects the success of Serbia’s economic policies and reforms, contrasting the current numbers with 2012, when the unemployment rate was 25.9% and the employment rate stood at just 36%.
“From a country where every fourth citizen lacked a job and where factories were closed, Serbia has transformed into the fastest-growing economy in Europe, with a 3.9% growth in the first three quarters of 2024,” said Mali. He also pointed out the record levels of foreign direct investments, totaling 4.5 billion euros last year, and the country’s robust fiscal position, with 612.9 billion dinars in reserves and a public debt at a controlled 46.7% of GDP.
Mali confirmed that the government will continue its current economic policies to maintain these positive trends and further reduce unemployment while fostering job creation.
