Serbia's current account gap widens by 20.6% in Jan-May 2011.

By bne IntelliNews July 25, 2011
Serbia's current account gap widened by 20.6% y/y to EUR 1.311bn in the first five months of 2011, the central bank said. The goods trade ran a shortfall of EUR 2.2bn through May, compared to a deficit of EUR 1.9bn a year ago, as exports rose by 26% and imports by 20.8%. Trade in services turned to a surplus of EUR 50.6mn from a deficit of EUR 5.1mn. The capital account had a deficit of EUR 1.2mn versus a surplus of EUR 0.3mn in the same period of 2010. The financial account surplus widened to EUR 1.016bn from EUR 1.001bn. Serbia attracted EUR 486mn in net direct investments in January to May 2011, down by 23.4% y/y.
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