| Profile |
| Population |
10.7 million |
| Capital |
Belgrade |
| Language (s) |
Serbian, Albanian |
| Federal |
President: Svetozar Marovic
Prime Minister: N/A
|
| Serbia |
President: Boris Tadic
Prime Minister: Vojislav Kostunica
|
| Montenegro |
President: Filip Vujanovic
Prime Minister: Milo Djukanovic |
| National Holidays:
|
November 29, April 27 |
| Currency |
Serbia: Dinar (YUM)
Montenegro: Euro (EUR) |
| Exchange Rate
|
53.750 YUM/$
1.270 EUR/$
|
| Value-Added Tax
(VAT) |
Serbia: N/A (to be introduced summer
2004)
Montenegro: 17 percent
|
| Customs Handling
Fee |
Serbia: 0.5 percent
Montenegro: 0 percent |
| Corporate Income
Tax |
14 percent |
Source: CIA Factbook
| Domestic
Economy |
|
1999 |
2000 |
2001 |
2002 |
2003* |
2004* |
| GDP at market prices (USD bln) |
9.8** |
8.6 |
11.5 |
15.7 |
19.8 |
|
| GDP Growth Rate
(%) |
-18.0** |
5.2 |
5.3 |
3.8 |
2.0 |
5.0 |
| GDP per capita (USD) |
|
|
1,278 |
1,831 |
2,166 |
|
| Inflation (%) |
|
|
39 |
15 |
9 |
8.5 |
| Unemployment (%) |
|
|
28.3 |
28.6 |
28.1 |
|
* Forecast; **From 1999 break in series,
excluding Kosovo
Sources: The Economist Intelligence Unit
| Trade |
|
2001 |
2002 |
2003 |
| U.S. Exports
(USD mln) |
66.239 |
78.13 |
49.958 |
| U.S. Imports
(USD mln) |
6.052 |
9.564 |
14.590 |
Source: World Trade Atlas
|
|
For more information on market opportunities in
Serbia & Montenegro, please contact Lynn Whiteheart
at Lynn_Whiteheart@ita.doc.gov or 202-482-2645.
*Note: On February 2, 2003, Yugoslavia
(Federal Republic of) was replaced by a loose federation
comprised of Serbia and Montenegro.
Memberships:
Bank of International Settlements
(BIS), Central European Initiative (CEI), World Trade
Organization (WTO) observer, International Monetary
Fund (IMF), European Bank for Reconstruction and Development
(EBRD), International Labor Organization (ILO), World
Bank group, World Intellectual Property Organization
(WIPO)
Eligibilities:
Overseas Private Investment Corporation (OPIC); Export-Import
Bank (EXIM)* only in the private sector in Serbia and
Montenegro, U.S.Trade and Development Agency (TDA)
|
| Foreign
Investment |
| Top Investors
by Country |
| U.S. |
|
| Austria |
|
| Belgium |
|
| France |
|
| Switzerland |
|
| Russia |
|
Source:Serbian Investment and Export Promotion Agency
|
| Top
Foreign Investors |
| U.S. Steel (U.S.) |
N/A |
| Lukoil (Russia) |
N/A |
| Interbrew (Belgium) |
N/A |
| Lafarge (France) |
N/A |
| Holcim (Switzerland) |
N/A |
Source:Serbian Investment and Export Promotion Agency
| Cumulative
Foreign Investment |
| 2003 |
$269
million |
|
Source: National Bank of Serbia
|
|
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