Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 101.08 100 98.95 98.33 97.71
Stock Market (points) 1223.21 1226 1201 1187 1173

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 1.00 0.9 1 0.8 0.7
GDP Annual Growth Rate (%) 2.20 3 3.5 3.6 3.8
Unemployment Rate (%) 8.90 8.9 8.4 8 8.3
Inflation Rate (%) 2.40 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 (%) 1.00 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) 1962744.90 1786377 1913052 1954039 2037329
Gross Fixed Capital Formation (RSD Million) 560833.40 401533 433425 493097 582145
GDP from Public Administration (RSD Million) 240211.00 214147 233899 222469 249339
GDP from Services (RSD Million) 314701.40 266396 299158 311402 326660
GDP from Manufacturing (RSD Million) 348998.20 364644 362679 367565 362260
GDP from Agriculture (RSD Million) 88669.10 62595 70475 99070 92039
GDP from Construction (RSD Million) 108591.80 69183 79753 86883 112718
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 (%) 8.90 8.9 8.4 8 8.3
Wages (RSD/Month) 124089.00 115790 114570 116242 132775
Wage Growth (%) 14.60 7.2 7 6.5 7
Labour Costs (points) 179.30 204 203 191 192
Population (Million) 6.57 6.6

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 2.40 3.3 3.2 3.1 3
Consumer Price Index CPI (points) 100.80 102 104 103 104
Food Inflation (%) -1.02 5.6 5 4.5 4
Producer Prices Change (%) -0.30 2.2 2.5 2.8 2.6
Inflation Rate MoM (%) 0.30 0.2 0.1 0 0.2
CPI Transportation (points) 99.90 100 100 100 100

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 (%) -9.10 2.1 2.8 3.2 3.5

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales YoY (%) 5.50 6 5.7 5.3 7
Consumer Credit (RSD Million) 1959358.00 1718008 1820774 1914556 2015752
Consumer Spending (RSD Million) 1212813.30 1066422 1242479 1261486 1258900
Gasoline Prices (USD/Liter) 1.80 1.83 1.91 1.96 2.01

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