Serbia’s economy expanded by 2.1% year-on-year in Q2 2025, slightly exceeding preliminary estimates of 2.0% and accelerating from a downwardly revised 1.9% growth in Q1 2025. The GDP growth was primarily driven by household consumption (+3.0% vs. +1.6% in Q1) and government expenditure (+3.7% vs. +0.5%). On the external side, both exports (+4.6% vs. +8.6%) and imports (+9.8% vs. +11.3%) grew at a slower pace. However, gross fixed capital formation declined by 4.0%, worsening from a 0.8% contraction in Q1. On a seasonally adjusted quarterly basis, the Serbian economy grew 1.1% in Q2, rebounding from a 0.6% contraction in Q1 2025. source: Statistical Office of the Republic of Serbia

The Gross Domestic Product (GDP) in Serbia expanded 2.10 percent in the second quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Serbia averaged 3.16 percent from 1997 until 2025, reaching an all time high of 25.10 percent in the second quarter of 2000 and a record low of -21.70 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 September of 2025.

The Gross Domestic Product (GDP) in Serbia expanded 2.10 percent in the second quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Serbia is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia GDP Annual Growth Rate is projected to trend around 3.50 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-31 10:00 AM
YoY Flash
Q2 2% 2% 2.5%
2025-09-01 10:00 AM
YoY Final
Q2 2.1% 1.9% 2% 2.0%
2025-10-31 11:00 AM
YoY Flash
Q3 2.1% 2.8%


Related Last Previous Unit Reference
Full Year GDP Growth 3.90 3.80 percent Dec 2024
GDP Growth Rate YoY 2.10 1.90 percent Jun 2025
GDP Constant Prices 1850808.90 1736922.40 RSD Million Jun 2025
GDP from Agriculture 68930.60 61393.30 RSD Million Jun 2025
GDP from Construction 77578.90 69278.00 RSD Million Jun 2025
GDP from Manufacturing 347631.40 350930.70 RSD Million Jun 2025
GDP from Public Administration 229235.50 211048.30 RSD Million Jun 2025
GDP from Services 291931.40 261451.10 RSD Million Jun 2025
GDP Growth Rate 1.10 -0.60 percent Jun 2025
Gross Fixed Capital Formation 417815.50 392677.50 RSD Million Jun 2025

Serbia GDP Annual Growth Rate
On the expenditure side, household consumption is the main component of Serbia's 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
2.10 1.90 25.10 -21.70 1997 - 2025 percent Quarterly
NSA

News Stream
Serbian GDP Growth Revised Higher in Q2
Serbia’s economy expanded by 2.1% year-on-year in Q2 2025, slightly exceeding preliminary estimates of 2.0% and accelerating from a downwardly revised 1.9% growth in Q1 2025. The GDP growth was primarily driven by household consumption (+3.0% vs. +1.6% in Q1) and government expenditure (+3.7% vs. +0.5%). On the external side, both exports (+4.6% vs. +8.6%) and imports (+9.8% vs. +11.3%) grew at a slower pace. However, gross fixed capital formation declined by 4.0%, worsening from a 0.8% contraction in Q1. On a seasonally adjusted quarterly basis, the Serbian economy grew 1.1% in Q2, rebounding from a 0.6% contraction in Q1 2025.
2025-09-01
Serbian GDP Growth Confirmed at Two-Year Low
Serbia’s economy grew by 2% year-on-year in the first quarter of 2025, in line with preliminary estimates but slowing from a 3.3% increase in Q4 2024. The GDP growth deceleration was mainly driven by a decline in gross fixed capital formation (-1% vs. 1.1%), and a slower rise in household consumption (1.7% vs. 3.8%). However, this was partially offset by a rebound in government expenditure (0.5% vs. -0.3%). On the external front, exports expanded at a slower pace (7.5% vs. 8.1%), while imports accelerated (11.5% vs. 7.1%). On a seasonally adjusted quarterly basis, the Serbian economy contracted by 0.6%, following a 1.1% growth in Q4 2024.
2025-06-02
Serbian GDP Growth Confirmed at 3.3% in Q4
Serbia’s economy rose by 3.3% over a year ago in the fourth quarter of 2024, in line with the preliminary estimate and matching the revised figure from the previous three-month period. The expansion was driven by both household consumption (+3.8%) and gross fixed investment (+1.2%) while government spending decreased by 0.3%.On the external front, exports increased by 3.1%, while imports surged by 7.1%. Among economic sectors, the strongest growth was seen in wholesale and retail trade, transportation, accommodation, and food services (6.0%), information and communication (9.8%), and industry, water supply, and waste management (3.5%). Conversely, agriculture, forestry, and fishing contracted by 7.6%, and construction fell by 5.5%. On a seasonally adjusted quarterly basis, the Serbian GDP increased by 1.1% in Q4, after a 0.5% rise in the quarter.
2025-02-28