Serbia’s GDP expanded 4.8 percent year-on-year in the third quarter 2019, accelerating from a 2.9 percent advance in the previous period. It was the highest GDP growth since Q2 2018, mainly due to a sharp rise in gross fixed capital formation (17.3 percent vs 8.8 percent in Q2) and government expenditure (4.6 percent vs 2.2 percent). On the other hand, household consumption slowed (3.1 percent vs 3.3 percent) and net trade contributed negatively to growth, as exports advanced 10.2 percent (vs 9.4 percent) while imports jumped at a faster 11.4 percent (vs 11.0 percent). On a seasonally adjusted quarterly basis, the GDP grew 2.2 percent, above a 1.4 percent gain in Q2, the highest since Q4 2007.
GDP Annual Growth Rate in Serbia averaged 3.07 percent from 1997 until 2019, reaching an all time high of 21.10 percent in the second quarter of 2000 and a record low of -21.30 percent in the second quarter of 1999. This page provides - Serbia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistical Office of the Republic of Serbia
GDP Annual Growth Rate in Serbia is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Serbia to stand at 3.90 in 12 months time. In the long-term, the Serbia GDP Annual Growth Rate is projected to trend around 3.90 percent in 2021 and 3.70 percent in 2022, according to our econometric models.