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Economic trends in 2007

01 Jan '08
2 min read

Transport continued to have the increasing trend, with the increase of 1.7 %, as is the case with telecommunication, which still showed the significant growth of 39.7 %. Increase of post activities in 2007 was 1.5 %. The number of employees in 2007 was the same as in the previous year, with the slight decreasing trend of 1.2 %.

Salaries and wages, tax and contributions deducted, continued to increase in 2007 and, in comparison to 2006, they showed growth of 27.9 % in nominal terms, while in real terms, they grew by 19.5%.

It was estimated that average annual retail price growth in 2007 will be 6.8 %. Retail prices of industrial products increased by 6.0%, while growth of agricultural products' prices in 2007 was 16.0%.

Increase of consumer prices was 7.0 %. Producers' prices of manufactured goods in 2007 had the average annual growth of 5.6 %, while producers' prices of agricultural and fishery products grew by 14.0 %.

Statistical Office of the Republic of Serbia

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