Republic of Serbia
Welcome to the price transmission page for the Republic of Serbia. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.
Republic of SerbiaRS
Historic Warnings per Commodity
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Once a former Soviet country, Serbia is still in a transitional phase from centrally-planned to an open market economy since power utilities, telecommunications and natural gas remain in state control. The economy is dependent on its manufacturing sector, driven by foreign investment, and agricultural exports. The declaration of independence of the former southern province Kosovo has not been recognized by the Serbian government. Serbia is negotiating its entry to the European Union.
Agriculture is a relative important sector for the landlocked country, contributing to around one-tenth of GDP and one-fifth of export earnings. Important agricultural products include wheat, maize, sunflower, sugar beets, grapes/wine, fruits as well as dairy and meat products related to animal husbandry. Approximately one-fifth of the labor force is engaged in agriculture. Despite overall favorable conditions with a mild climate, the sector is vulnerable to destructive earthquakes. Overall, Serbia is a net food exporter.
High unemployment, around one-fifth of the labor force, and stagnant household incomes are the major challenges ahead. The upper middle-income economy shows a HDI (2014) value of 0.771, positioning it in the high human development category. Nevertheless, unequal incomes and poverty remain major issues in the ageing nation: almost every tenth Serbian lives below the national poverty line and around 7% of the population is undernourished according to the GHI (2015).