Serbia and Montenegro - Income



The US Central Intelligence Agency (CIA) reports that in 2002 Serbia and Montenegro's gross domestic product (GDP) was estimated at $25.3 billion. The per capita GDP was estimated at $2,370. The annual growth rate of GDP was estimated at 3.5%. The average inflation rate in 2002 was 18%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. Agriculture accounted for an estimated 26% of GDP, industry 36%, and services 38%.

Worker remittances in 2001 totaled $1,698 million. Foreign aid receipts amounted to about $123 per capita and accounted for approximately 12% of the gross national income (GNI). Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings.

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