MACROECONOMIC INDICATORS, TRADE AND COMPETITIVENESS COUNTRIES IN THE DANUBE REGION

Abstract

This paper observes macroeconomic performance of the Danube region countries, with a special focus on Serbia, as well as the increase of GDP, inflation, unemployment, public debt share, external debt, foreign direct investment (FDI), current- account deficit and shares of export and import in GDP. The Danube region countries have different characteristics of economic development and different degrees of competitiveness in the international market. The subject of this research is the analysis of macroeconomic performance and influence of foreign trade on the economic development of the Danube region countries, paying special attention to Serbia, with the aim to improve its position in the international market. This study points to the presence of a high degree of correlation between economic development, level of GDP and foreign trade. The conducted research proved that there is significant interdependence among the mentioned parameters, supporting our thesis that the increase of export positively affects the level of GDP.