Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 98.77 98.96 98.06 97.43 96.81
Stock Market (points) 1261.53 1266 1245 1231 1216

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.60 0.9 1 0.8 0.7
GDP Annual Growth Rate (%) 2.20 3 3.5 3.6 3.8
Unemployment Rate (%) 8.20 8.9 8.4 8 8.3
Inflation Rate (%) 2.70 3.3 3.2 3.1 3
Interest Rate (%) 5.75 5.75 5.5 5.25 5
Balance of Trade (USD Million) -1204.30 -780 -790 -930 -1400
Current Account to GDP (% of GDP) -6.30 -5.2
Government Debt to GDP (% of GDP) 47.20 50
Government Budget (% of GDP) -2.20 -1.5

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.60 0.9 1 0.8 0.7
GDP Annual Growth Rate (%) 2.20 3 3.5 3.6 3.8
GDP Constant Prices (RSD Million) 1886251.20 1786203 1912852 1954156 1957929
Gross Fixed Capital Formation (RSD Million) 476139.50 401432 433497 493281 494233
GDP from Services (RSD Million) 300553.20 266396 299158 311373 311974
GDP from Manufacturing (RSD Million) 354551.20 364663 362709 367315 368024
GDP from Public Administration (RSD Million) 214677.90 214147 233899 222406 222836
GDP from Construction (RSD Million) 84411.30 69183 79753 87450 87619
GDP from Agriculture (RSD Million) 95627.70 62566 70334 99070 99262
GDP (USD Billion) 89.08 92.64
GDP per Capita (USD) 8575.55 8919
GDP per Capita PPP (USD) 26884.46 27960
Full Year GDP Growth (%) 3.90 4

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 8.20 8.9 8.4 8 8.3
Wages (RSD/Month) 111987.00 115790 114570 116242 119826
Labour Costs (points) 179.30 204 203 191 192
Wage Growth (%) 11.20 7.2 7 6.5 7
Population (Million) 6.57 6.6

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 2.70 3.3 3.2 3.1 3
Consumer Price Index CPI (points) 288.00 293 297 294 297
Food Inflation (%) -0.90 5.6 5 4.5 4
Inflation Rate MoM (%) 0.10 0.2 0.1 0 0.2
Producer Prices Change (%) 1.70 2.5 2.9 3 2.7
CPI Transportation (points) 219.70 220 220 220 221

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 5.75 5.75 5.5 5.25 5
Deposit Interest Rate (%) 4.50 4.5 4.25 4 3.75
Lending Rate (%) 7.00 7 6.75 6.5 6.25

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (USD Million) -1204.30 -780 -790 -930 -1400
Exports (USD Million) 3149.70 3170 2710 2750 2370
Imports (USD Million) 4354.00 3950 3500 3680 3770
Current Account to GDP (% of GDP) -6.30 -5.2

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Industrial Production (%) -5.70 2.1 2.8 3.2 3.5

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales YoY (%) 8.50 6 5.7 5.3 7
Consumer Credit (RSD Million) 1941958.00 1718008 1820774 1914556 2015752
Consumer Spending (RSD Million) 1216353.70 1064982 1241198 1260142 1262575
Gasoline Prices (USD/Liter) 1.78 1.81 1.87 1.92 1.97

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 47.20 50
Government Budget (% of GDP) -2.20 -1.5