The dinar and the shape of Serbia's economy as the World Bank describes it

Background

The World Bank's Serbia country page states that Serbia is an upper-middle-income country and the largest economy in the Western Balkans. Fiscal consolidation brought the budget deficit to 2.4% of GDP in 2025, down from an average of 5.2% during 2010-2014, and public debt has been on a downward path, declining from a peak of 68.3% of GDP in 2015 to 45% of GDP in 2025. Serbia's economic growth decelerated to 2% in 2025, following a more robust 3.9% expansion in 2024, with services the only significant driver on the production side; growth had averaged 3.5% in the previous five years. The World Bank adds that the economic slowdown of 2025 did not affect the collection of revenues which, together with the lower expenditures, led to a lower-than-expected fiscal deficit. The incidence of poverty remained broadly flat at 7.8% in 2025. On the currency, Eurostat's metadata for Serbia records that all transactions on the economic territory of the Republic of Serbia are recorded in the national currency, the Dinar (RSD).