The economy of Serbia contracted 0.2% on quarter in the first quarter of 2023, reversing a 0.6% expansion in the previous period. source: Statistical Office of the Republic of Serbia

GDP Growth Rate in Serbia averaged 0.82 percent from 1995 until 2023, reaching an all time high of 15.00 percent in the third quarter of 1999 and a record low of -19.30 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 June of 2023.

GDP Growth Rate in Serbia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Serbia GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2013-12-30 11:00 AM QoQ Q3 2013 1.4% 0.1%(R) 1.07%
2014-03-31 11:00 AM QOQ Q4 2013 -1.0% 1.4% 1.28%

Related Last Previous Unit Reference
GDP Growth Rate -0.20 0.60 percent Mar 2023
GDP Annual Growth Rate 0.70 0.50 percent Mar 2023
GDP Constant Prices 1279270.70 1416679.90 RSD Million Mar 2023
Gross Fixed Capital Formation 376793.00 477674.70 RSD Million Mar 2023
Full Year GDP Growth 2.30 7.39 percent Dec 2022
GDP from Services 224412.20 257324.00 RSD Million Mar 2023
GDP from Public Administration 131211.20 142808.40 RSD Million Mar 2023
GDP from Manufacturing 282744.00 280832.40 RSD Million Mar 2023
GDP from Construction 56380.80 84429.00 RSD Million Mar 2023
GDP from Agriculture 56103.40 78387.80 RSD Million Mar 2023

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
-0.20 0.60 15.00 -19.30 1995 - 2023 percent Quarterly