The Serbian economy advanced by 3.2% year-on-year in Q1 2026, up from 2.2% in the previous three-month period and above preliminary estimates of 3.0%. The latest reading also marked the strongest growth since Q4 2025. Growth accelerated in household consumption (4.8% vs 3.7% in Q4) and government spending (5.1% vs 4.2%). Meanwhile, growth slowed sharply in gross fixed capital formation (1.4% vs 8.9%), as well as net external demand, with both exports (4.6% vs 5.3%) and imports (3.6% vs 7.6%) easing. On the production side, wholesale and retail trade (4.9% vs 0.6%) recorded the strongest expansion, followed by agriculture, forestry and fishing (7.1% vs -0.3%), financial and insurance activities (6.9% vs 2.0%), and professional, scientific and technical activities (6.1% vs 5.3%). On a seasonally adjusted quarterly basis, the economy grew by 0.2% in Q1 2026, slowing from 1.0% in the preceding quarter. source: Statistical Office of the Republic of Serbia

The Gross Domestic Product (GDP) in Serbia expanded 3.20 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Serbia averaged 3.15 percent from 1997 until 2026, 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 June of 2026.

The Gross Domestic Product (GDP) in Serbia expanded 3.20 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Serbia is expected to be 3.50 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 5.00 percent in 2027 and 3.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-30 10:00 AM
YoY Flash
Q1 3.0% 2.2% 1.9%
2026-06-01 10:00 AM
YoY Final
Q1 3.2% 2.2% 3.0% 3.0%
2026-07-31 10:00 AM
YoY Flash
Q2 3.5%


Related Last Previous Unit Reference
Full Year GDP Growth 3.90 3.80 percent Dec 2024
GDP Growth Rate YoY 3.20 2.20 percent Mar 2026
GDP Constant Prices 1790603.90 1962870.70 RSD Million Mar 2026
GDP from Agriculture 65107.90 88669.10 RSD Million Mar 2026
GDP from Construction 63774.50 108591.80 RSD Million Mar 2026
GDP from Manufacturing 351715.50 349103.50 RSD Million Mar 2026
GDP from Public Administration 216863.60 240145.50 RSD Million Mar 2026
GDP from Services 271381.90 314695.20 RSD Million Mar 2026
GDP Growth Rate 0.20 1.00 percent Mar 2026
Gross Fixed Capital Formation 395122.20 560923.60 RSD Million Mar 2026


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
3.20 2.20 25.10 -21.70 1997 - 2026 percent Quarterly
NSA

News Stream
Serbia GDP Growth Revised Higher in Q1
The Serbian economy advanced by 3.2% year-on-year in Q1 2026, up from 2.2% in the previous three-month period and above preliminary estimates of 3.0%. The latest reading also marked the strongest growth since Q4 2025. Growth accelerated in household consumption (4.8% vs 3.7% in Q4) and government spending (5.1% vs 4.2%). Meanwhile, growth slowed sharply in gross fixed capital formation (1.4% vs 8.9%), as well as net external demand, with both exports (4.6% vs 5.3%) and imports (3.6% vs 7.6%) easing. On the production side, wholesale and retail trade (4.9% vs 0.6%) recorded the strongest expansion, followed by agriculture, forestry and fishing (7.1% vs -0.3%), financial and insurance activities (6.9% vs 2.0%), and professional, scientific and technical activities (6.1% vs 5.3%). On a seasonally adjusted quarterly basis, the economy grew by 0.2% in Q1 2026, slowing from 1.0% in the preceding quarter.
2026-06-01
Serbia Q4 GDP Growth Confirmed at 1-Year High
The Serbian economy advanced by 2.2% year-on-year in the final quarter of 2025, confirming preliminary estimates and accelerating from a 2% growth in the previous three-month period. The latest figure also marked the strongest growth for the year, driven by faster increases in household expenditure (3.7% vs 3.5% in Q3) and government spending (4.2% vs 3.8%). Additionally, gross fixed capital formation rebounded sharply (8.9% vs -2.2%). Meanwhile, net external demand contributed negatively to the GDP, with imports (7.6% vs 4.8%) rising more than exports (5.3% vs 4.2%). On the production side, the construction sector (10.6% vs -12.2%) posted the most notable output increase, followed by professional, scientific and technical activities (5.3% vs 4.2%), and arts, entertainment and recreation (5.2% vs 5.4%). On a seasonally adjusted quarterly basis, the economy expanded by 1% in the fourth quarter, following a 0.7% growth in the preceding period.
2026-03-02
Serbian Q3 GDP Growth Confirmed at 2%
The Serbian economy expanded by 2% year-on-year in the third quarter of 2025, confirming preliminary estimates and the same pace as in the previous three-month period. Growth increased further for both household consumption (3.4% vs 3.1% in Q2) and government spending (3.9% vs 3.8%). Additionally, gross fixed capital formation declined at a lesser extent (-2.1% vs -3.9%). On the external side, net trade contributed negatively to the GDP, as exports (4.2% vs 5.6%) rose less than imports (5.2% vs 9.7%). On a seasonally adjusted quarterly basis, the economy advanced by 0.6% in Q3, slowing from a slightly upwardly revised 1.2% growth in the preceding period.
2025-12-01