The Gross Domestic Product (GDP) in Serbia expanded 0.30 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Serbia averaged 0.67 percent from 1996 until 2019, reaching an all time high of 6.90 percent in the fourth quarter of 1997 and a record low of -13.30 percent in the second quarter of 1999.

Serbia GDP Growth Rate
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Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 6.90 -13.30 percent [+]
GDP Annual Growth Rate 2.50 3.40 21.10 -21.30 percent [+]
GDP 50.51 44.12 52.19 6.54 USD Billion [+]
GDP Constant Prices 892631.00 978872.40 978872.40 410507.00 RSD Million [+]
Gross Fixed Capital Formation 221776.30 264970.00 264970.00 2729.30 RSD Million [+]
GDP per capita 6880.50 6560.30 6880.50 3150.46 USD [+]
GDP per capita PPP 16035.36 15289.10 16035.36 6319.84 USD [+]
GDP From Agriculture 46872.90 70984.30 87289.10 33699.20 RSD Million [+]
GDP From Construction 32560.20 47571.60 47571.60 13936.30 RSD Million [+]
GDP From Manufacturing 201341.70 206604.50 211889.50 100127.60 RSD Million [+]
GDP From Public Administration 106145.70 114781.20 114781.20 69732.30 RSD Million [+]
GDP From Services 141745.70 157391.30 157391.30 39920.70 RSD Million [+]


Serbia GDP Growth Rate

Serbia's economy depends on manufacturing and exports, driven by foreign direct investments. The FDI are concentrated in a variety of industries including metal processing, building, textile, beverage, electronics and financial. On the expenditure side, household consumption is the main component of GDP and accounts for 76 percent of its total use, followed by gross fixed capital formation (17 percent) and government expenditure (18 percent). Exports of goods and services account for 44 percent of GDP while imports account for 54 percent, subtracting 10 percent of total GDP. This page provides - Serbia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 6.90 -13.30 1996 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
United States 2.10 Jun/19
China 1.60 Jun/19
India 1.40 Mar/19
Turkey 1.30 Mar/19
South Korea 1.10 Jun/19
Saudi Arabia 1.07 Dec/18
Switzerland 0.60 Mar/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Australia 0.40 Mar/19
Japan 0.40 Jun/19
Euro Area 0.20 Jun/19
France 0.20 Jun/19
Canada 0.10 Mar/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
South Africa -3.20 Mar/19
Singapore -3.30 Jun/19


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