Serbia’s economic growth was confirmed at 0.7% from a year earlier in the first quarter of 2023, up from an upwardly revised 0.5% expansion in the prior quarter, boosted by a recovery in fixed investment (2% vs -2.7% in Q4 2022). On the other hand, both household consumption (-0.3% vs 1.5%) and government spending (-4.9% vs -2.4%) shrank. Net external demand also contributed negatively to the GDP, as exports eased (8.3% vs 12.9%) while imports declined (-1.8% vs 6.6%). On a seasonally adjusted quarterly basis, the Serbian economy fell by 0.2%, reversing a 0.6% gain in the previous three-month period. source: Statistical Office of the Republic of Serbia
GDP Annual Growth Rate in Serbia averaged 3.20 percent from 1997 until 2023, reaching an all time high of 26.20 percent in the second quarter of 2000 and a record low of -21.50 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. Serbia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.