The Gross Domestic Product (GDP) in Serbia contracted 0.50 percent in the first quarter of 2022 over the previous quarter. source: Statistical Office of the Republic of Serbia

GDP Growth Rate in Serbia averaged 0.84 percent from 1995 until 2022, reaching an all time high of 16.10 percent in the third quarter of 1999 and a record low of -19.60 percent in the second quarter of 1999. This page provides - Serbia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

GDP Growth Rate in Serbia is expected to be -0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia GDP Growth Rate is projected to trend around 0.30 percent in 2023 and 0.70 percent in 2024, according to our econometric models.

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Serbia GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate -0.50 1.60 percent Mar 2022
GDP Annual Growth Rate 3.90 4.40 percent Jun 2022
GDP Constant Prices 1347641.50 1273004.40 RSD Million Jun 2022
Gross Fixed Capital Formation 367477.40 330875.90 RSD Million Jun 2022
Full Year GDP Growth 7.39 -0.95 percent Dec 2021
GDP from Services 256366.80 230927.60 RSD Million Jun 2022
GDP from Public Administration 135377.90 135019.70 RSD Million Jun 2022
GDP from Manufacturing 275364.00 274437.40 RSD Million Jun 2022
GDP from Construction 63074.80 55493.70 RSD Million Jun 2022
GDP from Agriculture 62445.30 58110.20 RSD Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.60 16.10 -19.60 1995 - 2022 percent Quarterly