Serbia is in South Eastern Europe, between Macedonia and Hungary. The climate is continental (cold winters and hot, humid summers with well distributed rainfall) in the north and continental and Mediterranean (relatively cold winters with heavy snowfall and hot, dry summers and autumns) in other parts. The official language is Serbian. Serbo-Croat was the official state language under socialist Yugoslavia, mainly because Serbian and Croatian are very similar and mutually comprehensible. Since the end of the federation, Serbs and Croats have emphasised the differences between the two languages and are likely to object to the term Serbo-Croat. The Cyrillic alphabet it used, but Latin script is understood by everyone and widely used. Many minority languages such as Albanian, Turkish, Romany and Hungarian are spoken. English is the most common foreign language, particularly in Belgrade; otherwise some people speak German or Italian. Interpreters are easy to find. The main religion is Christianity. The economy of Serbia is based mostly on services, which account for about 63% of the GDP. The economy has a high unemployment rate of 14% and a unfavourable trade deficit. Expatriate business dress is formal comprising a jacket and tie for men and suits for women. The security risk for expatriates in Serbia is medium. Risks include petty theft, street, and organised crime. The currency of Serbia is the Serbian Dinar (RSD). Credit cards are accepted in most hotels and shops. ATMs are available and accept most international cards. Medical facilities are generally below international standards. Payment in cash is normally required for treatment. Rabies is common. The population of Serbia is 7.1 Million (2018 est.), while the inflation rate (CPI) is 1.1% for Serbia as at April 2018. For a single Expat, the personal income tax rate in Serbia is a flat rate of 15%. Rates are a flat rate of either 10% or 15% depending on income level. Expatriates are generally taxed at 15%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Serbia, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Serbia as at 1 April 2018 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: High 3) Communication: Very Low 4) Education: Low 5) Furniture & Appliances: Average 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Low 9) Miscellaneous: Low 10) Personal Care: Very Low 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Low Serbia is for example -40.4% cheaper than USA for groceries, -31.9% cheaper for household costs than UK, and 55.2% more expensive for transport costs than India. The hardship premium for Serbia for an expat from Australia, is for example 30%, i.e. host location (Serbia) premium of 40% minus home (Australia) location premium of 10%. Serbia is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Serbia? Register subscribe to your home location and Serbia and run your personalised reports.