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About Serbia...

Serbia, officially the Republic of Serbia, is a landlocked country located at the crossroads of Central- and Southeastern Europe, covering the southern part of the Pannonian Plain and central part of the Balkans. Serbia has borders with 8 countries, Hungary to the north; Romania, Bulgaria to the east; Republic of Macedonia to the south; and Croatia, Bosnia and Herzegovina, Montenegro to the west; its border with Albania is disputed. Although landlocked, the country has access to the Black Sea through the Danube river. Its capital city, Belgrade, is among the largest in Southeastern Europe.

With a GDP PPP for 2008 estimated at $79.662 billion[2] or $10,792 per capita PPP, the Republic of Serbia is an upper-middle income economy by the World Bank. Foreign Direct Investment in 2006 was $5.85 billion or €4.5 billion. FDI for 2007 reached $4.2 Billion while real GDP per capita figures are estimated to have reached $6,781 in April 2009. The GDP growth rate showed increase by 6.3% in 2005, 5.8% in 2006, reaching 7.5% in 2007 and 8.7% in 2008 as the fastest growing economy in the region. According to Eurostat data, Serbian PPS GDP per capita stood at 37 per cent of the EU average in 2008.

The economy has a high unemployment rate of 14% and a unfavourable trade deficit. The country expects some major economic impulses and high growth rates in the next years. Given its recent high economic growth rates, which averaged 6.6% in the last three years, foreign analysts have sometimes labeled Serbia as the "Balkan Tiger".

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