Serbia’s gross domestic product expanded by 3.8 percent year-on-year in the third quarter of 2018, easing from an upwardly revised 4.9 percent advance in the previous three month period but higher than a preliminary estimate of 3.7 percent. Government expenditure rose at a softer pace (4 percent from 4.8 percent in Q2) and fixed investment slowed (7 percent from 12.3 percent); while household consumption increased 3.3 percent, the same as in the prior period. Additionally, net trade contributed negatively to growth, as imports (11.2 percent from 9.4 percent) advanced faster than exports (9.1 percent from 6.7 percent). On a quarterly basis, the economy grew 0.5 percent, following a 1 percent gain in Q2. GDP Annual Growth Rate in Serbia averaged 3.04 percent from 1997 until 2018, reaching an all time high of 21.10 percent in the second quarter of 2000 and a record low of -21.30 percent in the second quarter of 1999.

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. Looking forward, we estimate GDP Annual Growth Rate in Serbia to stand at 3.20 in 12 months time. In the long-term, the Serbia GDP Annual Growth Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Serbia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-31 10:00 AM GDP Growth Rate YoY Prel 4.4% 4.6% 4.1%
2018-08-31 01:00 PM GDP Growth Rate YoY Final 4.8% 4.9% 4.4%
2018-10-31 11:00 AM GDP Growth Rate YoY Prel 3.7% 4.8% 3.6%
2018-11-30 11:00 AM GDP Growth Rate YoY Final 3.8% 4.9% 3.7%
2019-01-31 11:00 AM GDP Growth Rate YoY Prel 3.8% 3.60%
2019-02-28 11:00 AM GDP Growth Rate YoY Final 3.8% 3.60%
2019-04-30 10:00 AM GDP Growth Rate YoY Prel 2.40%


Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 1.00 6.90 -13.30 percent [+]
GDP Annual Growth Rate 3.80 4.90 21.10 -21.30 percent [+]
GDP 41.43 38.30 49.26 6.54 USD Billion [+]
GDP Constant Prices 954985.70 926155.70 954985.70 410507.00 RSD Million [+]
Gross Fixed Capital Formation 243609.90 235800.30 247624.80 2729.30 RSD Million [+]
GDP per capita 5992.28 5852.38 5992.28 3150.46 USD [+]
GDP per capita PPP 14048.88 13720.89 14048.88 6319.84 USD [+]
GDP From Agriculture 76391.20 54185.10 87289.10 33699.20 RSD Million [+]
GDP From Construction 44431.80 40193.60 46309.90 13936.30 RSD Million [+]
GDP From Manufacturing 198836.50 205474.50 211829.20 100127.60 RSD Million [+]
GDP From Public Administration 107783.90 108911.90 110589.40 69732.30 RSD Million [+]
GDP From Services 153573.80 147986.90 153573.80 39920.70 RSD Million [+]


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. This page provides - Serbia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.80 4.90 21.10 -21.30 1997 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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