In 2019, the Serbian economy achieved a net result in the amount of about 3.3 billion euros, which is 12.8% less than the previous year, the Business Registers Agency (APR) announced today.
In the middle of the corona crisis, in the year for which all the blacker economic forecasts are arriving both in our country and in the world, not so good data for last year have arrived. The total last year’s net profit of 104,487 companies in the country is 5.8 billion euros is lower by 5.2% than in 2018 and the net loss of about 2.5 billion euros increased by 7, 3%.
The APR report on the operations of the Serbian economy in 2019 states that the total revenues of the Serbian economy amounted to about 102.7 billion euros increased by 6.9% compared to the previous year, and expenditures of about 98.6 billion euros increased by 7.7%.
104,487 companies employed 1,171,890 workers, 30,657 more (2.7%) than in 2018.
At the level of all sectors, a positive net result was achieved, and most of them recorded a growth in profitability, APR pointed out.
The largest profit is in the manufacturing sector, around 920 million euros and is higher by 13.7 percent compared to the previous year, while the profit in wholesale and retail trade was 660 million euros, with an annual growth of 25, 6 percent.
Large systems made the biggest profit in 2019, of 1.36 million euros, while it was reduced by a huge 37.4% compared to the previous year.
The positive net result of medium and small companies grew at an approximate rate (13.3% and 12.3%, respectively) and amounted to 976 million euros.
Micro companies, which make up 87.7 percent of all companies, reported a loss of about 50 million euros but that loss is 69% lower on an annual level.
The net profit of the Serbian economy in the previous five years, from 2014 to 2019, increased by more than five times, the number of employees increased by 200,719 new workers, while the number of companies increased by 11,892 companies, the APR said in a statement.
It is recalled that 2014 was the last year in which the domestic economy gradually recovered from the previous financial crisis and faced the consequences of the floods.
At that time, Serbia had a decline in gross domestic product (GDP) by 1.8 percent, a decline in industrial production by 6.5 percent, the lowest number of employees in the economy, Mondo reports.
