In recent years Serbia has been building a market economy, based on new investment in industry, now yielding 23.5% of GDP, while older agriculture provides 12.7% of GDP. Since 2000, Serbia has attracted over $25 billion in foreign direct investment, including  companies such as FIAT, Bosch, Michelin, Siemens, Coca-Cola and Carlsberg. Russian energy giants, Gazprom and Lukoil have also made large investments. The country has free trade agreements with the EFTA (European Free Trade Association) and CEFTA (Central European Free Trade Agreement). It now has a preferential trade arrangement with the European Union, and separate free trade agreements with Russia, Belarus, Kazakhstan, and Turkey.

Key facts
*  Currency: Serbian dinar (£1= 142 dinars, 1€=117 dinars)
*  GDP per capita: 7,326€  (end 2012 estimate)
*  Unemployment rate:  20.1%  (end 2013)
*  Inflation:  2.2%  (end 2013)
*  Natural resources:
   Agricultural: wheat, maize, sugar-beet, sunflower, raspberries; beef, pork, milk
   Industrial: coal, raw metals

Industries and exports
*  The mining industry predominates: Serbia is the world's 7th largest producer of coal in Europe.  It is the 3rd largest producer of copper in Europe.  RTB Bor is the large Serbian copper-mining company. There is also significant extraction of gold in the Majdanpek area.
*  Oher industrial: furniture, food processing, machinery, chemicals, sugar, tyres, clothes, pharmaceuticals
*  Leading export markets:  Germany (11.3%), Italy (11.1%), Bosnia-Herzegovina (10.1%) (data from 2011)