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external balance

Serbia’s €923 million services surplus strengthens the external balance

Serbia’s trade in services delivered one of the strongest components of the country’s external accounts in early 2026. The services surplus reached €923 million in...

A better external balance is emerging, but the full-year test is still ahead

Serbia’s external position improved substantially during the first five months of 2026. The current-account deficit narrowed to €560.6 million, approximately €1.2 billion less than...

Falling FDI is Serbia’s weakest signal beneath the better external balance

The most concerning signal in MAT’s external-finance section is the sharp fall in foreign direct investment. Net FDI inflow reached only €192.4mn in January–March 2026, down 39.5% year on...

Serbia’s external position still depends on services, reserves and export discipline

Serbia’s external-balance story remains one of managed vulnerability. The NBS bulletin’s balance-of-payments framework separates goods, services, primary income, secondary income, capital transactions and financial...

Services exports become Serbia’s quiet current-account stabiliser

Serbia’s external balance is increasingly being supported by services exports, a structural shift that often receives less attention than goods trade, foreign direct investment...
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