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The Government of the Republic of Serbia

In the service of citizens

Advancing economy with commitment to European integration

Belgrade, 9 December 2025

First Deputy Prime Minister and Minister of Finance Siniša Mali stated today that since 2012, Serbia has increased its gross domestic product (GDP) per capita from the then €4,800 to the current €15,800.

At a panel discussion at the BELTALKS: Belgrade Economic Talks conference, themed “Accelerating Convergence: Growth Plan, Common Market and EU Integration Pathways”, Mali pointed out that this is the fastest growth of GDP per capita in Europe.

He said that this growth was helped primarily by capital investments, which make up 7.4% of GDP, consumption and the level of foreign direct investments as a third factor.

Serbia is unequivocally committed to the European path, but, as he said, it is a “two-way street”, and not everything in the accession process to the European Union, which has already lasted 25 years, depends on Serbia.

The First Deputy Prime Minister expressed hope that this process will finally be brought to an end and stated that, through arrangements with the International Monetary Fund (IMF), Serbia has been implementing reforms for years, despite all the challenges.

Mali also underlined that by the end of next year, the country will fully harmonise its regulations with all EU laws, and that, until it becomes a full member of the EU, it will rely on the trade agreements concluded so far.