Economic Mirror, November 2020

 

Data from the November edition of the Economic Mirror show that the degree of openness of the Serbian economy in the second quarter of 2020 is lower compared to the first quarter of this year, which is a consequence of the reduction in the volume of foreign trade. The share of public debt in the gross domestic product in September 2020 is the same as in the previous month and amounts to 56.7%.

The index of total industrial production in Vojvodina in September 2020 is higher compared to the previous month, as well as to the same period of the previous year. The value of the foreign trade exchange of Vojvodina during September 2020 increased compared to the previous month, and to September 2019.

The labor market of Vojvodina is characterized by an increase in the number of unemployed persons in September 2020 (102,635) compared to September 2019 (101,635). The employment rate for the young population (15-24) in the second quarter of 2020 (21.2%) is lower compared to the same period in 2019 (26.4%). The average net salary in Vojvodina in September 2020 was 56,941 RSD.

The Sector for Strategic Research, Innovation and Economic Development Policies of Vojvodina Development Agency monthly publishes publication on the movement of selected macroeconomic indicators in the Republic of Serbia and AP Vojvodina - The Economic Mirror.

November edition of The Economic Mirror can be downloaded here.