Serbia, FDI to be halved in 2025 - Global geopolitical tensions and domestic protests affected
Foreign Direct Investments in Serbia have halved in the past year, to around 2.2 billion euros, the central bank announced. According to the data, this poor performance was influenced by international geopolitical tensions, but also by domestic protests.
Net foreign direct investment (FDI) in Serbia fell by 51% in 2025 to around 2.2 billion euros, according to central bank data. Total FDI inflows fell by 34% to around 3.4 billion euros, while total FDI outflows rose by 91% to 1.2 billion euros, the central bank said.
The largest share of investments for the first 9 months of 2025 was recorded in the manufacturing industry with 24.5%, followed by construction with 17.5%, professional, scientific, innovative and technical activities with 17%), and wholesale and retail trade with 14.9%. Investors were mainly from the European Union, accounting for 67.6% of total investments, and Asian countries with 8.4%.
Earlier, the Governor of the Central Bank of Serbia, Jorgovanka Tabakovic, said that the lower inflow of foreign direct investment was also seen in other countries in the region, amid growing global uncertainty, driven by tightening trade policies and high geopolitical tensions. The lower inflow in Serbia also reflected social and political tensions in the country, Tabakovic said, during the presentation of a 3-month report on inflation performance.
This situation shows that Serbia is facing major challenges, both internal and external, in attracting foreign investment, which is vital for economic growth and job creation. Analysts warn that political stability and measures to increase investor confidence will be crucial for restoring Foreign Direct Investment flows to the levels of 2024, which recorded a record of 4.6 billion euros.
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