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World/Briefs/Serbia

Intelligence brief

Serbia — intelligence brief

The whole picture in one grounded read: observed macro indicators, the derived macro-sentiment composite, the business-cycle regime, and a forward forecast. Derived reads interpret already-observed numbers; the forecast is labelled projections (not observations); an absent series is shown honestly, never fabricated.

How to read this:Observeda real measured value from a named source.Derivedcomputed by Predictonomy from observed series using a reproducible method.AI readan AI interpretation of already-computed figures. Opinion, not a new data point.

Brief

What the data says

Observed macro, derived sentiment, the business-cycle regime, and forward projections — each traced to the live series it reads. Need it as JSON? GET /api/v1/brief/country/{iso3}.

Full briefledger 51018ed

Serbia: macro conditions look balanced (pressure 43/100); the economy is in slowdown; 1 turning-point signal flagged; 19 observed macro indicators held; real gdp growth is projected at 1.61 for 2026.

Macro sentiment

Macro pressure

Derived
Watch
43/ 100

Higher = more macro pressure. Reads as balanced (sentiment +0.14, −1 stressed … +1 supportive).

ⓘ How this score works
Confidence: 90%

Outlook 2026: balanced (projected sentiment +0.08) · a projection from baseline forecasts

Business-cycle regime

DerivedRegime inputsas of 2025-12-31

Slowdown

growth 2.0%momentum -1.92confidence: high
Turning-point signals
  • Real GDP growth turned down (was rising, now falling).

Latest observations

Observed1 indicator omitted (not covered)

as of 2026-01-01

Current account balance to GDPObserved
-4.6%

IMF DataMapper API

as of 2024-01-01

Electric power consumption per capitaObserved
5.2k

World Bank Indicators API

as of 2024-01-01

Net energy importsObserved
41.2%

World Bank Indicators API

as of 2024-01-01

Energy use per capitaObserved
2.4k

World Bank Indicators API

as of 2025-01-01

Exports of goods and servicesObserved
54.3%

World Bank Indicators API

as of 2025-01-01

Gross domestic product, current US dollarsObserved
$100bn

World Bank Indicators API

as of 2025-01-01

GDP per capita, current US dollarsObserved
$15.3k

World Bank Indicators API

as of 2025-01-01

Real GDP growthObserved
2.0%

World Bank Indicators API

as of 2026-01-01

General government debt to GDPObserved
42.9%

IMF DataMapper API

as of 2025-01-01

Imports of goods and servicesObserved
58.6%

World Bank Indicators API

as of 2025-01-01

Consumer price inflationObserved
3.9%

World Bank Indicators API

as of 2025-01-01

Gross fixed capital formation to GDPObserved
22.8%

World Bank Indicators API

as of 2025-01-01

Total populationObserved
6.5m

World Bank Indicators API

as of 2025-01-01

Productivity growthObserved
2.5%

World Bank Indicators API

as of 2021-01-01

Renewable energy shareObserved
27.2%

World Bank Indicators API

as of 2025-01-01

Total reserves (excluding gold)Observed
$26.8bn

World Bank Indicators API

as of 2025-01-01

Reserves in months of importsObserved
6

World Bank Indicators API

as of 2025-01-01

Total reserves (including gold)Observed
$34.2bn

World Bank Indicators API

as of 2025-01-01

Unemployment rateObserved
7.1%

World Bank Indicators API

Forward forecast

Derivedprojections, not observations

Headline reliability: below naive track record (-7% skill vs naive; realized ±1.6903 over 1) · a track record, not a guarantee

Forecast heldDerivedledger 51018ed
Real GDP growth — 2026 baseline projection
1.61

Serbia: forward projections across 15 macro indicators, horizons 2026, 2028, 2030, 2035. These are projections, not observations — each carries an optimistic/pessimistic band and a confidence interval, anchored against the latest observed value where one is held.

Current account balance to GDP

Latest observed-4.6(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
2026-4.77-0.1-9.44-5.8 – -3.74
2028-4.513.57-12.6-6.38 – -2.65
2030-4.266.18-14.7-6.73 – -1.79
2035-3.6111.15-18.38-7.21 – -0.02

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Exports of goods and services

Latest observed54.31(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202655.4865.1347.1153.21 – 57.75
202857.8174.5343.3252.65 – 62.97
203060.1481.7341.4352.25 – 68.04
203565.9796.539.5151.05 – 80.89

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Gross domestic product, current US dollars

Latest observed100bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
2026107.5bn118.1bn98.3bn104.2bn – 110.8bn
2028126.1bn144.5bn110.2bn116.8bn – 135.4bn
2030144.7bn168.4bn124.1bn128.2bn – 161.1bn
2035191.1bn224.7bn162.1bn151.5bn – 230.8bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Real GDP growth

Latest observed2.03(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20261.6111.45-6.92-0.06 – 3.28
20280.6312-10-2.26 – 3.52
2030-0.3512-10-4.1 – 3.4
2035-2.812-10-8.43 – 2.84

Method: weighted_composite; lookback 6y; horizon 1y; confidence 80%

GDP per capita, current US dollars

Latest observed15.3k(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202616.4k18k15.1k15.9k – 16.9k
202819.4k22.1k17k18k – 20.8k
203022.3k25.8k19.3k19.8k – 24.9k
203529.7k34.6k25.4k23.5k – 35.9k

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

General government debt to GDP

Latest observed42.9(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
202640.344732.6538.67 – 42.01
202836.6248.1523.333.08 – 40.15
203032.8947.7915.7127.97 – 37.82
203523.5944.65016.57 – 30.6

Method: linear_trend; lookback 10y; horizon 1y; confidence 80%

Imports of goods and services

Latest observed58.61(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202659.0472.345.7956.07 – 62.02
202859.9182.8736.9553.52 – 66.3
203060.7890.4231.1351.38 – 70.18
203562.94104.8721.0246.46 – 79.43

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Consumer price inflation

Latest observed3.89(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20264.1914.45-51.85 – 6.53
20283.120.86-5-0.99 – 7.19
20302.0124.94-5-3.24 – 7.25
2035-0.7231.71-5-5 – 6.63

Method: exponential_smoothing; lookback 6y; horizon 1y; confidence 80%

Gross fixed capital formation to GDP

Latest observed22.84(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202622.8525.3120.7222.14 – 23.57
202822.9127.1719.2221.21 – 24.62
203022.9828.4718.2120.35 – 25.6
203523.1330.9116.3918.32 – 27.94

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Total population

Latest observed6.5m(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20266.6m6.9m6.3m6.4m – 6.8m
20286.5m6.8m6.2m6m – 7m
20306.5m6.8m6.2m5.7m – 7.2m
20356.4m6.7m6.1m5.1m – 7.7m

Method: exponential_smoothing; lookback 10y; horizon 1y; confidence 80%

Productivity growth

Latest observed2.46(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20262.478.37-1.961.69 – 3.24
20282.5412.76-5.131.14 – 3.94
20302.6115-7.290.75 – 4.47
20352.7815-100.01 – 5.56

Method: weighted_composite; lookback 7y; horizon 1y; confidence 80%

Total reserves (excluding gold)

Latest observed26.8bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202628.9bn32.5bn25.2bn27.8bn – 29.9bn
202834bn40.3bn27.6bn31.4bn – 36.6bn
203039.1bn47.3bn30.9bn34.6bn – 43.5bn
203551.8bn63.4bn40.2bn41.1bn – 62.6bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Reserves in months of imports

Latest observed6.16(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20265.967.264.655.66 – 6.25
20285.717.973.465.09 – 6.33
20305.598.512.684.7 – 6.49
20355.59.621.383.99 – 7.01

Method: mean_reversion; lookback 10y; horizon 1y; confidence 80%

Total reserves (including gold)

Latest observed34.2bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202637.3bn40.6bn33.9bn36.1bn – 38.4bn
202845bn50.7bn39.2bn41.6bn – 48.3bn
203052.6bn60.1bn45.2bn46.7bn – 58.6bn
203571.9bn82.4bn61.4bn57bn – 86.8bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Unemployment rate

Latest observed7.12(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20266.638.165.096.28 – 6.97
20285.638.282.984.95 – 6.31
20304.638.061.213.74 – 5.53
20352.156.9901.06 – 3.23

Method: linear_trend; lookback 6y; horizon 1y; confidence 80%

Generated by the prediction engine (model prediction-engine-v1) on 2026-10-31 from observed history. Projections, not observations — never a guarantee of future values.

Machine-readable: GET /api/v1/brief/country/SRB · API docs