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Follow on Google News | "Serbia Retail Report Q3 2011" is now available at Fast Market ResearchRecently published research from Business Monitor International, "Serbia Retail Report Q3 2011", is now available at Fast Market Research
Serbia's nominal GDP is expected to be US$43.1bn in 2011, with annual growth of 3.2% forecast, up from 1.8% in 2010. Average annual GDP growth of 4.5% is predicted by BMI between 2011 and 2015. Although the population is forecast to fall slightly, from 7.3mn to 7.2mn by 2015, GDP per capita is predicted to rise by nearly 49% over the period, reaching US$9,475. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ Serbia is one of the poorest markets in Central and Eastern Europe (CEE), plagued by political uncertainty and high unemployment, both of which deter foreign investment. Low levels of disposable income, the prevalence of corruption and the poor state of infrastructure make this a challenging market. However, the long-term potential is significant, particularly if Serbia can achieve EU accession. In 2005, almost 67% of the Serbian population was described by the UN as economically active, with just less than 51% in the 20-44 age range crucial for retail sales. Just over half of the population, 52.3%, was classified by the UN as urban. By 2015, the urban population is forecast to have risen to 53.8%, but with 48.1% in the 20-44 age range. By this time, 66.8% of the population is expected to be economically active. The Serbian retail sector is still underserved and fragmented compared with more mature markets, with only 25m2 of retail space per 1,000 inhabitants, compared with the EU average of 270m2. However, the increasing development of organised retail infrastructure will result in retail sub-sectors such as consumer electronics and automotives growing substantially over the forecast period. The consumer electronics sector is a relatively large, underdeveloped market offering growth potential in key digital products groups such as computers (5% penetration) As Serbia's economy gains steam, we also expect passenger car sales to start picking up. Substantial growth should be evident in 2011, when sales are expected to rise to 44,039 units. By the end of the forecast period, we forecast new car sales of 52,984 units, a rise of more than 20%. Sales of over-the-counter (OTC) pharmaceutical products, meanwhile, are predicted by BMI to increase from US$0.12bn in 2011 to US$0.17bn by 2015, a rise of nearly 46%. Retail sales for the BMI universe of Central and Eastern European (CEE) countries in 2011 are forecast to amount to US$1,280bn based on the varying national definitions. Total consumer spending for the region based on BMI's macroeconomic database is expected to be US$2,206bn. Russia, Turkey and Poland are predicted to account for an estimated 79% of regional retail sales in 2011, a share that is likely to fall only slightly, to 78%, by 2015. Serbia's predicted 2011 market share of 6.4% is expected to increase to 8.0% by 2015. Report Table of Contents: SWOT Analysis - Serbia Retail Business Environment SWOT - Serbia Political SWOT - Serbia Economic SWOT Business Environment Outlook - Table: Central And Eastern Europe Retail Business Environment Ratings - Serbia's Retail Rating - Limits Of Potential Returns - Risks To Realisation Of Returns Market Overview - Current Trends - Key Players Industry Forecast Scenario - Retail Growth Outlook - Table: Key Retail Indicators, 2007-2015 - Organised Retail - Macroeconomic Outlook - Table: Serbia Economic Activity, 2006-2015 Regional Retail Outlook - Table: Regional Retail Trends, 2008-2015 - Table: Regional Retail Sales By % Share, 2008-2015 - Regional Retail Trends Mass Grocery Retail - Serbia Mass Grocery Retail Industry SWOT - Market Overview - Table: Mercator - Private Label As % Of Product Sales In Foreign Markets - Table: Structure Of Serbia's Mass Grocery Retail Market By Estimated Number Of Outlets, 2003-2010 - Table Structure Of Serbia's Mass Grocery Retail Market - Sales Value By Retail Format, 2003-2010 - Table: Estimated Value Sales Per Outlet, 2010 - Industry Forecast Scenario - Table: Mass Grocery Retail Sales By Format, 2008-2015 - Table:Sales Breakdown By Retail Format Type (% of total) 2010 And 2020 - Industry Developments Consumer Electronics - Serbia Consumer Electronics Market SWOT - Market Overview - Industry Forecast Scenario - Table: Consumer Electronics Sales Overview, 2008-2015 (US$mn) - Industry Developments Automotives - Serbia Autos Industry SWOT - Market Overview - Industry Forecast Scenario - Production And Sales - Table: Automotive Production And Sales, 2006-2015 (CBUs) - Industry Developments Country Snapshot: Serbia Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2000/01 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Average Annual Manufacturing Wages, 2000-2012 BMI Methodology - How We Generate Our Industry Forecasts - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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