Serbia GDP Annual Growth Rate  1997-2018 | Data | Chart | Calendar

The Serbian economy expanded 4.6 percent year-on-year in the first three months of 2018, higher than a downwardy revised 2.4 percent growth in the previous period and slightly above 4.5 percent in the preliminary estimate. It is the strongest growth rate since the third quarter of 2008. Household spending went up 3 percent (1.9 percent in Q4), government spending rose 2.3 percent (1.1 percent in Q4) and gross fixed capital formation jumped 14.9 percent (12.4 percent in Q4). Also, both exports (9.3 percent compared to 7.5 percent) and imports (12.5 percent compared to 12.1 percent) increased at a faster pace. On a quarterly basis, the economy advanced 1.5 percent. GDP Annual Growth Rate in Serbia averaged 2.79 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.

Serbia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-28 11:00 AM GDP Growth Rate YoY Final 2.5% 2.1% 2.5% 2.5%
2018-04-30 10:00 AM GDP Growth Rate YoY Prel 4.5% 2.5% 2.2%
2018-05-31 10:00 AM GDP Growth Rate YoY Final 4.6% 2.4% 4.5% 4.5%
2018-07-31 12:40 PM GDP Growth Rate YoY Prel 4.6% 4.1%
2018-08-31 10:00 AM GDP Growth Rate YoY Final 4.6%
2018-10-31 11:00 AM GDP Growth Rate YoY Prel 3.6%


Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 0.60 6.90 -13.30 percent [+]
GDP Annual Growth Rate 4.60 2.40 21.10 -21.30 percent [+]
GDP 41.43 38.30 49.26 6.54 USD Billion [+]
GDP Constant Prices 792452.40 868583.70 868583.70 410507.00 RSD Million [+]
Gross Fixed Capital Formation 200415.30 231665.80 231665.80 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 52642.80 67738.50 87289.10 42547.50 RSD Million [+]
GDP From Construction 31535.60 46147.00 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 168717.20 176099.10 176099.10 100127.60 RSD Million [+]
GDP From Public Administration 99631.30 111430.60 111430.60 69732.30 RSD Million [+]
GDP From Services 120263.70 142429.90 142429.90 39920.70 RSD Million [+]


Serbia GDP Annual Growth Rate

Factors favorable to Serbia's economic growth include its relatively inexpensive and skilled labor force and free trade agreements with the EU, Russia, Turkey, and countries that are members of the CEFTA. On the expenditure side, household consumption is the main component of 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.60 2.40 21.10 -21.30 1997 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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