Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Currency 104.55 104 104 103 103
Stock Market (points) 1373.14 1346 1320 1298 1277

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 1.50 0.6 0.5 0.4 0.6
GDP Annual Growth Rate (%) 3.80 3.8 4.3 4.5 4.7
Unemployment Rate (%) 7.20 9.1 9.4 9.5 9.6
Inflation Rate (%) 4.10 3.5 2.3 2.2 2
Interest Rate (%) 5.75 5.75 5.75 5.75 5.75
Balance of Trade (USD Million) -828.40 -1210 -650 -560 -800
Current Account to GDP (% of GDP) -4.90 -5.2
Government Debt to GDP (% of GDP) 44.40 46.7
Government Budget (% of GDP) -2.60 -3

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 1.50 0.6 0.5 0.4 0.6
GDP Annual Growth Rate (%) 3.80 3.8 4.3 4.5 4.7
GDP Constant Prices (RSD Million) 1918836.30 2037460 1867600 2005184 2009022
Gross Fixed Capital Formation (RSD Million) 432354.70 582239 412112 451811 452675
GDP from Public Administration (RSD Million) 231323.80 249271 226189 241733 242196
GDP from Services (RSD Million) 301812.30 326654 283051 315394 315997
GDP from Manufacturing (RSD Million) 355501.10 362369 368021 371499 372210
GDP from Agriculture (RSD Million) 76348.00 92039 70767 79784 79936
GDP from Construction (RSD Million) 84035.70 112718 63270 87817 87985
GDP (USD Billion) 99.95 104
GDP per Capita (USD) 8804.38 9121
GDP per Capita PPP (USD) 27603.39 28597
Full Year GDP Growth (%) 2.10 3.6

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 7.20 9.1 9.4 9.5 9.6
Wages (RSD/Month) 121346.00 135133 130774 128949 129233
Wage Growth (%) 11.30 8.9 7.5 7.1 6.5
Labour Costs (points) 212.40 205 235 227 226
Population (Million) 6.53 6.51

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 4.10 3.5 2.3 2.2 2
Consumer Price Index CPI (points) 103.80 104 104 105 106
Food Inflation (%) -1.30 2.5 3.8 3.2 3.3
Inflation Rate MoM (%) 0.20 0.2 0.3 0.3 0.2
Producer Prices Change (%) 10.50 9 5.9 5.1 4.5
CPI Transportation (points) 110.20 110 111 111 111

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 5.75 5.75 5.75 5.75 5.75
Deposit Interest Rate (%) 4.50 4.5 4.5 4.5 4.5
Lending Rate (%) 7.00 7 7 7 7

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (USD Million) -828.40 -1210 -650 -560 -800
Exports (USD Million) 2981.20 3290 4050 3690 3600
Imports (USD Million) 3809.60 4500 4700 4250 4400
Current Account to GDP (% of GDP) -4.90 -5.2

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Industrial Production (%) -0.50 3.5 4.2 4 4.4

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Retail Sales YoY (%) 6.30 4.3 2.5 2.8 3.6
Consumer Credit (RSD Million) 2166928.00 2015752 2102513 2205948 2268774
Consumer Spending (RSD Million) 1247453.40 1260033 1132532 1303589 1306084
Gasoline Prices (USD/Liter) 1.99 2.06 2.17 2.27 2.37

Government Actual Q4/26 Q1/27 Q2/27 Q3/27
Government Debt to GDP (% of GDP) 44.40 46.7
Government Budget (% of GDP) -2.60 -3