Statistics that demolish the illusion of economic tiger: EU data show that Serbia is one of the poorest countries in Europe – Economy

Statistical Agency of the European Union (EU), Eurostat, She has published Recently, the real GDP data per capita for almost all European countries, and they show that Serbia is one of the poorest countries in Europe.

The real GDP per capita is an economic indicator that measures the average economic score per person in a country, taking into account inflation.

The data for Serbia are insofarious, because inflation in our country is also Among the highest in Europe.

BDP per capita is a better indicator of living standards than the total GDP, which representatives of our authorities are more likely to show when they want to emphasize « the Serbian citizens doing well. »

However, when the average real GDP per capita in the EU, last year amounted to 33,530 euros compared to GDP per capita of Serbia, which was 8,900 euros, a difference in wealth, ie. poverty becomes clear.

The real GDP per capita in Serbia does not even amount to 30 percent (26.6 percent) of the average real GDP per capita in the EU for 2024. Year.

It can be said that one inhabitant of the EU has an average of almost four times more richer than one citizen of Serbia. This means that there are more money for a better and better life, more opportunities to buy more goods and services, to travel, invests in their health, education, real estate, and even in luxury goods.

Where is Serbia on the list?

Serbia is in the list of European real GDP per capita at the bottom.

The only poorer countries from Serbia in Europe are Northern Macedonia, Albania and Bosnia and Herzegovina.

Although data at Eurostat for these three countries are not published for 2024, that these countries may be concluded on the basis of data from 2023. This data show that the real GDP per capita in these countries was several thousand euros lower than Serbia.

It is interesting that Montenegro has come closer to Serbia when it comes to real GDP per capita and threatens to be over, and Serbia and Montenegro are currently at a similar level under this economic indicator.

The richest country of Europe is Luxembourg where real GDP per capita was as much as 100,880 euros, behind it is Ireland with 85,700 euros, and in third place is Switzerland with 80,080 euros.

When it comes to the amount of the real BPD per capita in Serbia’s environment, he was 11,300 euros in Bulgaria last year, in Romania, Hungary 16,130 euros, and in Croatia 16,690 euros. In Slovenia, as much as 25,380 euros.

Not everything so black

If not everything was black when it comes to Serbia, the fact that in the last 10 years, even longer, real GDP per capita is constantly growing.

And while the real GDP per capita of Serbia in 2014. amounts to 5,930 euros, now amounts to 8,900 euros. This means that in the last ten years it increased by almost 50 percent.

« Officials should more expire GDP per capita, because it is a realistic indicator »

Economist Milan Kovačević said for today that GDP is not a good measure that live in a country, adding that even his growth is not a real indicator that he fixed life in that country so much.

« Statistics are not so ideal to make it all up, we spent money once to be reconstructed by the GDP. Now we need to work again, so it should be corrected by statistics, » Kovacevic said.

Furthermore, speaking of how GDP grows, Kovacevic explained that he in Serbia is mostly related to « some shorter events ».

« We do not have GDP growth because we have already known our investors who have given us an anchor and go from this country to achieve one sustainable, constant and realistic stable growth. We do not have it, » Kovacevic explained.

He adds that Serbia jumps GDP after a few auto roads made, until these same auto-roads can be made next year. What will influence GDP growth in the coming years will be the construction of facilities related to Expo, Kovačević said, pointing out that it is another « shorter event ».

That is why, as Kovačević said, as an indication, much better to use GDP per capita, rather than the total GDP.

« With the help of a BPD per capita, it can be compared to us in relation to other countries, and that GDP grows with a low country, that indicator needs to be used at least, » Kovacevic said.

He also pointed out that inflation in Serbia is more than real GDP growth, explaining that we are a bigger problem that we have high inflation than us benefit from that relatively small GDP growth.

When asked when it comes to the Eurostat list and when it comes to Serbia at the bottom of the ladder, whether our country is « economic tiger », Kovačević, we can only say that Serbia is one of the most developed countries in Europe.

« All Happiness, so Europe is a little more developed than the rest of the world, so we are a little better in the total world, » Kovacevic concluded.