The goal of National Transfer Accounts (NTA) is to provide a systematic and comprehensive approach to measuring the economic flows from a generational perspective. Many developing countries in the world are experiencing significant demographic changes that can have significant impacts on economic development. Periods of economic dependency are gradually extending because of the prolonged education of young people. Consequently, their entrance into the labour market and their exit from it is occurring later. In Serbia, the retirement age for men is 65 and for women 63, though it is expected to be 65 by the end of 2032.

In 2021, Serbian NTA were developed through the cooperation of the United Nations Population Fund (UNFPA) and the Statistical Office of the Republic of Serbia (SORS) for the first time. The NTA for Serbia were first estimated for the year 2018. This cooperation continued during 2022 and 2023, when the NTA accounts for the reference year 2019 were developed. This report summarizes the results for 2019 with an overview of the changes compared to 2018. For the calculations of the aggregated and per capita age profiles for the Serbian NTA, data from the Eurostat database on the population of the country by age on 1 January were used. For all economic variables, age profiles are constructed in per capita terms and then adjusted to the corresponding macro controls provided by National Accounts. with the final category of the age profiles comprised of all those aged 80+. For each item, the results are estimated on both per capita and aggregate bases for the total population. Main data sources for the estimation of components of the Serbian NTA include National Accounts (SNA), System of Health Accounts (SHA), The European Union Statistics on Income and Living Conditions and Household Budget survey (EU-SILC and HBS), Government Finance Statistics (GFS), The European System of Integrated Social Protection Statistics (ESSPROS), Eurostat database, and various relevant administrative data. For the purposes of measuring and analysing the data, the NTA methodology described in the European National Transfer Accounts (AGENTA manual) was applied.