The Insurance Industry in Serbia, Key Trends and Opportunities to 2016
1. The Insurance Industry in Serbia, Key Trends and Opportunities
to 2016
Report Details:
Published:November 2012
No. of Pages: 141
Price: Single User License – US$1950
•The report provides in depth market analysis, information and insights into the insurance market
in Serbia, including:
•The Serbian insurance market’s growth prospects by insurance segments and sub-segments
•The competitive landscape in the Serbian insurance market
•The current trends and drivers in the Serbian insurance market
•The challenges facing the Serbian insurance market
•The regulatory framework of the Serbian insurance market
Executive summary
The Serbian insurance industry segment registered a CAGR of 6.4% during the review period. The
growth is attributed to the life insurance segment posting a CAGR of 19.3%. However, the non-life
insurance segment, which dominates the industry with a market share of 72.1%, recorded a
CAGR of 4% during the review period. The personal accident and health category grew at a
CAGR of 7.6%. Such growth was achieved despite limited economic growth. The life insurance
segment is dominated by the endowment category.
Scope
•This report provides a comprehensive analysis of the insurance market in Serbia:
•It provides historic values for the Serbian insurance market for the report’s 2007–2011 review
period and forecast figures for the 2012–2016 forecast period
•It offers a detailed analysis of the key segments and sub-segments in the Serbian insurance
market, along with market forecasts until 2016
•It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,
commissions and expenses, combined ratio, total assets, total investment income and retentions
•It profiles the top insurance companies in Serbia and outlines the key regulations affecting them
Key highlights
•The Serbian insurance industry segment registered a CAGR of 6.4% during the review period.
•The growth is attributed to the life insurance segment posting a CAGR of 19.3%.
2. •However, the non-life insurance segment, which dominates the industry with a market share of
72.1%, recorded a CAGR of 4% during the review period.
•The personal accident and health category grew at a CAGR of 7.6%. Such growth was achieved
despite limited economic growth.
•The life insurance segment is dominated by the endowment category.
Reasons to buy
•Make strategic business decisions using in depth historic and forecast market data related in the
Serbian insurance industry and each segment within it
•Understand the demand-side dynamics, key market trends and growth opportunities within the
Serbian insurance market
•Assess the competitive dynamics in the Serbian insurance market
•Identify the growth opportunities and market dynamics within key segments
•Gain insights into key regulations governing the Serbian insurance market and its impact on
companies and the industry's future
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2016.html
Major points covered in Table of Contents of this report include
Table Of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Serbian Insurance Industry Overview
3.1 Industry Definition
3.2 Serbian Insurance Industry – Market Size, 2007–2016
3.3 Key Industry Trends and Drivers
3.4 Challenges
3.5 Regulations
4 Market Segmentation
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 General annuity insurance category
4.1.3 Individual endowment insurance category
4.1.4 Individual term-life insurance category
3. 4.1.5 Supplementary insurance category
4.1.6 Other insurance category
4.2 Non-Life Insurance Growth Prospects by Category
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, aviation and transit insurance category
4.3 Personal Accident and Health Insurance Growth Prospects by Category
4.3.1 Personal accident insurance category
4.3.2 Health insurance category
4.3.3 Travel insurance category
4.4 Reinsurance Market Size by Insurance Segment, 2007–2016
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Dunav Osiguranje a.d. Beograd – company overview
5.2.2 Delta Generali Osiguranje A.D. – company overview
5.2.3 DDOR Novi Sad a.d. – company overview
5.2.4 Wiener Städtische Insurance Company– company overview
5.2.5 UNIQA nezivotno osiguranje a.d.o.– company overview
5.2.6 Takovo osiguranje a.d. Kragujevac – company overview
6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US dollar)
6.2 GDP Per Capita at Constant Prices (US dollar)
6.3 GDP at Current Prices (US dollar)
6.4 Construction Output at Current Prices (US$ Billion)
6.5 Arable Land
6.6 Exports as a Percentage of GDP
6.7 Number of Air Passengers
6.8 Healthcare Expenditure Per Capita
6.9 Employed Population
6.1 Annual Disposable Income
6.11 Annual disposable income per capita
6.12 Total population
7 Appendix
7.1 Methodology
7.1 Contact Us
7.2 About Timetric
7.3 Disclaimer
4. List Of Tables
Table 1: Insurance Industry Definitions
Table 2: Serbian Insurance Overall Written Premium by Segment (SRB Billion), 2007–2011
Table 3: Serbian Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Serbian Insurance Overall Written Premium by Segment (SRB Billion), 2011–2016
Table 5: Serbian Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Serbian Insurance Segmentation (% Share), 2007–2016
Table 7: Serbian Life Insurance Written Premium by Category (SRB Billion), 2007–2011
Table 8: Serbian Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Serbian Life Insurance Written Premium by Category (SRB Billion), 2011–2016
Table 10: Serbian Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Serbian Life Insurance – Paid Claims (SRB Billion), 2007–2011
Table 12: Serbian Life Insurance – Paid Claims (SRB Billion), 2011–2016
Table 13: Serbian Life Insurance – Incurred Loss (SRB Billion), 2007–2011
Table 14: Serbian Life Insurance – Incurred Loss (SRB Billion), 2011–2016
Table 15: Serbian Life Insurance – Loss Ratio (%), 2007–2011
Table 16: Serbian Life Insurance – Loss Ratio (%), 2011–2016
Table 17: Serbian Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Serbian Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Serbian Life Insurance – Total Assets (SRB Billion), 2007–2011
Table 20: Serbian Life Insurance – Total Assets (SRB Billion), 2011–2016
Table 21: Serbian Life Insurance – Total Investment Income (SRB Billion), 2007–2011
Table 22: Serbian Life Insurance – Total Investment Income (SRB Billion), 2011–2016
Table 23: Serbian Life Insurance – Retentions (SRB Billion), 2007–2011
Table 24: Serbian Life Insurance – Retentions (SRB Billion), 2011–2016
Table 25: Serbian Life Insurance – Investment (SRB Billion), 2007–2011
Table 26: Serbian Individual Life Insurance Category – Written Premium (SRB Billion), 2007–2011
Table 27: Serbian Individual Life Insurance Category – Written Premium (SRB Billion), 2011–2016
Table 28: Serbian General Annuity Insurance Category – Written Premium (SRB Billion),
2007–2011
Table 29: Serbian General Annuity Insurance Category – Written Premium (SRB Billion),
2011–2016
Table 30: Serbian Individual Endowment Insurance Category – Written Premium (SRB Billion),
2007–2011
Table 31: Serbian Individual Endowment Insurance Category – Written Premium (SRB Billion),
2011–2016
Table 32: Serbian Individual Term Life Insurance Category – Written Premium (SRB Billion),
2007–2011
Table 33: Serbian Individual Term Life Insurance Category – Written Premium (SRB Billion),
2011–2016
5. Table 34: Serbian Supplementary Insurance Category – Written Premium (SRB Billion),
2007–2011
Table 35: Serbian Supplementary Insurance Category – Written Premium (SRB Billion),
2011–2016
Table 36: Serbian Other Insurance Category – Written Premium (SRB Billion), 2007–2011
Table 37: Serbian Other Insurance Category – Written Premium (SRB Billion), 2011–2016
Table 38: Serbian Non-life Insurance Written Premium by Category (SRB Billion), 2007–2011
Table 39: Serbian Non-life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 40: Serbian Non-life Insurance Written Premium by Category (SRB Billion), 2011–2016
Table 41: Serbian Non-life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 42: Serbian Non-life Insurance Market – Paid Claim (SRB Billion), 2007–2011
Table 43: Serbian Non-life Insurance Market – Paid Claim (SRB Billion), 2011–2016
Table 44: Serbian Non-life Insurance Market – Incurred Loss (SRB Billion), 2007–2011
Table 45: Serbian Non-life Insurance Market – Incurred Loss (SRB Billion), 2011–2016
Table 46: Serbian Non-life Insurance – Loss Ratio (%), 2007–2011
Table 47: Serbian Non-life Insurance – Loss Ratio (%), 2011–2016
Table 48: Serbian Non-life Insurance – Combined Ratio (%), 2007–2011
Table 49: Serbian Non-life Insurance – Combined Ratio (%), 2011–2016
Table 50: Serbian Non-life Insurance – Total Assets (SRB Billion), 2007–2011
Table 51: Serbian Non-life Insurance – Total Assets (SRB Billion), 2011–2016
Table 52: Serbian Non-life Insurance – Total Investment Income (SRB Billion), 2007–2011
Table 53: Serbian Non-life Insurance – Total Investment Income (SRB Billion), 2011–2016
Table 54: Serbian Non-life Insurance – Retentions (SRB Billion), 2007–2011
Table 55: Serbian Non-life Insurance – Retentions (SRB Billion), 2011–2016
Table 56: Serbian Property Insurance Category – Written Premium (SRB Billion), 2007–2011
Table 57: Serbian Property Insurance Category – Written Premium (SRB Billion), 2011–2016
Table 58: Serbian Motor Insurance Category – Written Premium (SRB Billion), 2007–2011
Table 59: Serbian Motor Insurance Category – Written Premium (SRB Billion), 2011–2016
Table 60: Serbian Liability Insurance Category – Written Premium (SRB Billion), 2007–2011
Table 61: Serbian Liability Insurance Category – Written Premium (SRB Billion), 2011–2016
Table 62: Serbian Marine, Aviation and Transit Insurance Category – Written Premium (SRB
Billion), 2007–2011
Table 63: Serbian Marine, Aviation and Transit Insurance Category – Written Premium (SRB
Billion), 2011–2016
Table 64: Serbian Personal Accident and Health Insurance Written Premium by Category (SRB
Billion), 2007–2011
Table 65: Serbian Personal Accident and Health Insurance Written Premium by Category (US$
Billion), 2007–2011
Table 66: Serbian Personal Accident and Health Insurance Written Premium by Category (SRB
Billion), 2011–2016
Table 67: Serbian Personal Accident and Health Insurance Written Premium by Category (US$
Billion), 2011–2016
6. Table 68: Serbian PA&H Insurance Market – Paid Claim (SRB Billion), 2007–2011
Table 69: Serbian PA&H Insurance Market – Paid Claim (SRB Billion), 2011–2016
Table 70: Serbian Personal Accident and Health Insurance Market – Incurred Loss (SRB Billion),
2007–2011
Table 71: Serbian Personal Accident and Health Insurance Market – Incurred Loss (SRB Billion),
2011–2016
Table 72: Serbian Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Table 73: Serbian PA&H Insurance – Loss Ratio (%), 2011–2016
Table 74: Serbian Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011
Table 75: Serbian Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016
Table 76: Serbian Personal Accident and Health Insurance – Total Assets (SRB Billion),
2007–2011
Table 77: Serbian Personal Accident and Health Insurance – Total Assets (SRB Billion),
2011–2016
Table 78: Serbian Personal Accident and Health Insurance – Total Investment Income (SRB
Billion), 2007–2011
Table 79: Serbian Personal Accident and Health Insurance – Total Investment Income (SRB
Billion), 2011–2016
Table 80: Serbian Personal Accident and Health Insurance – Retentions (SRB Billion), 2007–2011
Table 81: Serbian Personal Accident and Health Insurance – Retentions (SRB Billion), 2011–2016
Table 82: Serbian Personal Accident Insurance Category – Written Premium (SRB Billion),
2007–2011
Table 83: Serbian Personal Accident Insurance Category – Written Premium (SRB Billion),
2011–2016
Table 84: Serbian Health Insurance Category – Written Premium (SRB Billion), 2007–2011
Table 85: Serbian Health Insurance Category – Written Premium (SRB Billion), 2011–2016
Table 86: Serbian Travel Insurance Category – Written Premium (SRB Billion), 2007–2011
Table 87: Serbian Travel Insurance Category – Written Premium (SRB Billion), 2011–2016
Table 88: Serbian Reinsurance Ceded by Insurance Segment (SRB Billion), 2007–2011
Table 89: Serbian Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 90: Serbian Reinsurance Ceded by Insurance Segment (SRB Billion), 2011–2016
Table 91: Serbian Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 92: Serbian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 93: Serbian Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016
Table 94: Serbian Non-life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 95: Serbian Non-life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 96: Serbian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded
(%), 2007–2011
Table 97: Serbian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded
(%), 2011–2016
Table 98: Serbia Insurance Market Share, 2011
Table 99: Dunav Osiguranje a.d. Beograd, Main Products
7. Table 100: Dunav Osiguranje a.d. Beograd, Key Employees
Table 101: Delta Generali Osiguranje A.D., Main Products
Table 102: Delta Generali Osiguranje A.D., Key Employees
Table 103: DDOR Novi Sad a.d., Main Products
Table 104: DDOR Novi Sad a.d., Key Employees
Table 105: Wiener Städtische Insurance Company, Main Products
Table 106: Wiener Städtische Insurance Company, Key Employees
Table 107: UNIQA nezivotno osiguranje a.d.o., Main Products
Table 108: UNIQA nezivotno osiguranje a.d.o., Key Employees
Table 109: Takovo osiguranje a.d. Kragujevac, Main Products
Table 110: Takovo osiguranje a.d. Kragujevac, Key Employees
List Of Figures
Figure 1: Serbian Insurance Overall Written Premium by Segment (SRB Billion), 2007–2016
Figure 2: Serbian Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Serbian Life Insurance Written Premium by Category (SRB Billion), 2007–2016
Figure 4: Serbian Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Serbian Life Insurance – Paid Claims (SRB Billion), 2007–2011
Figure 7: Serbian Life Insurance – Paid Claims (SRB Billion), 2011–2016
Figure 8: Serbian Life Insurance – Incurred Loss (SRB Billion), 2007–2011
Figure 9: Serbian Life Insurance – Incurred Loss (SRB Billion), 2011–2016
Figure 10: Serbian Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: Serbian Life Insurance – Loss Ratio (%), 2011–2016
Figure 12: Serbian Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Serbian Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Serbian Life Insurance – Total Assets (SRB Billion), 2007–2011
Figure 15: Serbian Life Insurance – Total Assets (SRB Billion), 2011–2016
Figure 16: Serbian Life Insurance – Total Investment Income (SRB Billion), 2007–2011
Figure 17: Serbian Life Insurance – Total Investment Income (SRB Billion), 2011–2016
Figure 18: Serbian Life Insurance – Retentions (SRB Billion), 2007–2011
Figure 19: Serbian Life Insurance – Retentions (SRB Billion), 2011–2016
Figure 20: Serbian Life Insurance – Investment (SRB Billion), 2007–2011
Figure 21: Serbian Life Insurance Penetration (% of GDP), 2007–2011
Figure 22: Serbian Life Insurance – Premium Per-capita (SRB), 2007–2011
Figure 23: Serbian Individual Life Insurance Category – Written Premium (SRB Billion),
2007–2011
Figure 24: Serbian Individual Life Insurance Category – Written Premium (SRB Billion),
2011–2016
Figure 25: Serbian General Annuity Insurance Category – Written Premium (SRB Billion),
2007–2011
8. Figure 26: Serbian General Annuity Insurance Category – Written Premium (SRB Billion),
2011–2016
Figure 27: Serbian Individual Endowment Insurance Category – Written Premium (SRB Billion),
2007–2011
Figure 28: Serbian Individual Endowment Insurance Category – Written Premium (SRB Billion),
2011–2016
Figure 29: Serbian Individual Term Life Insurance Category – Written Premium (SRB Billion),
2007–2011
Figure 30: Serbian Individual Term Life Insurance Category – Written Premium (SRB Billion),
2011–2016
Figure 31: Serbian Supplementary Insurance Category – Written Premium (SRB Billion),
2007–2011
Figure 32: Serbian Supplementary Insurance Category – Written Premium (SRB Billion),
2011–2016
Figure 33: Serbian Other Insurance Category – Written Premium (SRB Billion), 2007–2011
Figure 34: Serbian Other Insurance Category – Written Premium (SRB Billion), 2011–2016
Figure 35: Serbian Non-life Insurance Written Premium by Category (SRB Billion), 2007–2016
Figure 36: Serbian Non-life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 37: Serbian Non-life Insurance Market Dynamics by Category, 2007–2016
Figure 38: Serbian Non-life Insurance – Paid Claims by Category (SRB Billion), 2007–2011
Figure 39: Serbian Non-life Insurance – Paid Claims (SRB Billion), 2011–2016
Figure 40: Serbian Non-life Insurance – Incurred Loss (SRB Billion), 2007–2011
Figure 41: Serbian Non-life Insurance – Incurred Loss by Category (SRB Billion), 2007–2016
Figure 42: Serbian Non-life Insurance – Loss Ratio (%), 2007–2011
Figure 43: Serbian Non-life Insurance – Loss Ratio (%), 2011–2016
Figure 44: Serbian Non-life Insurance – Combined Ratio (%), 2007–2011
Figure 45: Serbian Non-life Insurance – Combined Ratio (%), 2011–2016
Figure 46: Serbian Non-life Insurance – Total Assets (SRB Billion), 2007–2011
Figure 47: Serbian Non-life Insurance – Total Assets (SRB Billion), 2011–2016
Figure 48: Serbian Non-life Insurance – Total Investment Income (SRB Billion), 2007–2011
Figure 49: Serbian Non-life Insurance – Total Investment Income (SRB Billion), 2011–2016
Figure 50: Serbian Non-life Insurance – Retentions (SRB Billion), 2007–2011
Figure 51: Serbian Non-life Insurance – Retentions (US$ Billion), 2011–2016
Figure 52: Serbian Non-life Insurance – Investment (SRB Billion), 2007–2011
Figure 53: Serbian Non-life Insurance Penetration (% of GDP), 2007–2011
Figure 54: Serbian Non-life Insurance – Premium Per Capita (SRB), 2007–2011
Figure 55: Serbian Property Insurance Category – Written Premium (SRB Billion), 2007–2011
Figure 56: Serbian Property Insurance Category – Written Premium (SRB Billion), 2011–2016
Figure 57: Serbian Motor Insurance Category – Written Premium (SRB Billion), 2007–2011
Figure 58: Serbian Motor Insurance Category – Written Premium (SRB Billion), 2011–2016
Figure 59: Serbian Liability Insurance Category – Written Premium (SRB Billion), 2007–2011
Figure 60: Serbian Liability Insurance Category – Written Premium (SRB Billion), 2011–2016
9. Figure 61: Serbian Marine, Aviation and Transit Insurance Category – Written Premium (SRB
Billion), 2007–2011
Figure 62: Serbian Marine, Aviation and Transit Insurance Category – Written Premium (SRB
Billion), 2011–2016
Figure 63: Serbian Personal Accident and Health Insurance Written Premium by Category (SRB
Billion), 2007–2016
Figure 64: Serbian Personal Accident and Health Insurance Written Premium by Category (%
Share), 2011 and 2016
Figure 65: Serbian Personal Accident and Health Insurance Market Dynamics by Category,
2007–2016
Figure 66: Serbian PA&H Insurance – Paid Claims by Category (SRB Billion), 2007–2011
Figure 67: Serbian PA&H Insurance – Paid Claims (SRB Billion), 2011–2016
Figure 68: Serbian Personal Accident and Health Insurance – Incurred Loss (SRB Billion),
2007–2011
Figure 69: Serbian Personal Accident and Health Insurance – Incurred Loss by Category (SRB
Billion), 2007–2016
Figure 70: Serbian Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Figure 71: Serbian PA&H Insurance – Loss Ratio (%), 2011–2016
Figure 72: Serbian Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011
Figure 73: Serbian Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016
Figure 74: Serbian Personal Accident and Health Insurance – Total Assets (SRB Billion),
2007–2011
Figure 75: Serbian Personal Accident and Health Insurance – Total Assets (SRB Billion),
2011–2016
Figure 76: Serbian Personal Accident and Health Insurance – Total Investment Income (SRB
Billion), 2007–2011
Figure 77: Serbian Personal Accident and Health Insurance – Total Investment Income (SRB
Billion), 2011–2016
Figure 78: Serbian Personal Accident and Health Insurance – Retentions (SRB Billion),
2007–2011
Figure 79: Serbian Personal Accident and Health Insurance – Retentions (US$ Billion),
2011–2016
Figure 80: Serbian Personal Accident and Health Insurance – Investment (SRB Billion),
2007–2011
Figure 81: Serbian Personal Accident and Health Insurance Penetration (Percentage of GDP),
2007–2011
Figure 82: Serbian Personal Accident and Health Insurance – Premium Per Capita (SRB),
2007–2011
Figure 83: Serbian Personal Accident Insurance Category – Written Premium (SRB Billion),
2007–2011
Figure 84: Serbian Personal Accident Insurance Category – Written Premium (SRB Billion),
2011–2016
10. Figure 85: Serbian Health Insurance Category – Written Premium (SRB Billion), 2007–2011
Figure 86: Serbian Health Insurance Category – Written Premium (SRB Billion), 2011–2016
Figure 87: Serbian Travel Insurance Category – Written Premium (SRB Billion), 2007–2011
Figure 88: Serbian Travel Insurance Category – Written Premium (SRB Billion), 2011–2016
Figure 89: Serbian Reinsurance Ceded by Insurance Segment (SRB Billion), 2007–2016
Figure 90: Serbian Reinsurance Market Dynamics by Insurance Segment, 2007–2016
Figure 91: Serbian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 92: Serbian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 93: Serbian Non-life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 94: Serbian Non-life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 95: Serbian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded
(%), 2007–2011
Figure 96: Serbian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded
(%), 2011–2016
Figure 97: Serbia Insurance Market – Market Share 2011
Figure 98: Serbian GDP at Constant Prices (US$ Billion), 2007–2011
Figure 99: Serbian GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 100: Serbian GDP at Current Prices (US$ Billion), 2007–2011
Figure 101: Serbian Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 102: Serbian Arable Land (hectares), 2007–2011
Figure 103: Serbian Exports as a Percentage of GDP (%), 2007–2011
Figure 104: Serbian Number of Air Passengers (Million), 2007–2011
Figure 105: Serbian Healthcare Expenditure Per Capita (US$), 2007–2011
Figure 106: Serbian Employed Population (%), 2007–2011
Figure 107: Serbian Annual Disposable Income (US$ Billion), 2007–2011
Figure 108: Serbian Annual Disposable Income Per Capita (US$), 2007–2011
Figure 109: Serbian Total Population (Million), 2007–2011
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