The economy of Serbia is based mostly on services, which account for about 63% of the GDP. The economy has a high unemployment rate of 14% and a unfavourable trade deficit.
Belgrade is the capital and largest city of Serbia. Belgrade is the central economic hub of Serbia, and the capital of Serbian education and science.
Belgrade has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.