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. source: Statistical Office of the Republic of Serbia

The Gross Domestic Product (GDP) in Serbia expanded 2.20 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Serbia averaged 3.15 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 March of 2026.

The Gross Domestic Product (GDP) in Serbia expanded 2.20 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Serbia is expected to be 3.00 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
2026-02-02 11:00 AM
YoY Flash
Q4 2.2% 2.0% 2.0%
2026-03-02 11:00 AM
YoY Final
Q4 2.2% 2.0% 2.2% 2.2%
2026-04-30 10:00 AM
YoY Flash
Q1 3.0%


Related Last Previous Unit Reference
Full Year GDP Growth 3.90 3.80 percent Dec 2024
GDP Growth Rate YoY 2.20 2.00 percent Dec 2025
GDP Constant Prices 1962744.90 1886138.40 RSD Million Dec 2025
GDP from Agriculture 88669.10 95627.70 RSD Million Dec 2025
GDP from Construction 108591.80 83863.70 RSD Million Dec 2025
GDP from Manufacturing 348998.20 354792.00 RSD Million Dec 2025
GDP from Public Administration 240211.00 214738.70 RSD Million Dec 2025
GDP from Services 314701.40 300581.00 RSD Million Dec 2025
GDP Growth Rate 1.00 0.70 percent Dec 2025
Gross Fixed Capital Formation 560833.40 475962.80 RSD Million Dec 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
2.20 2.00 25.10 -21.70 1997 - 2025 percent Quarterly
NSA

News Stream
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
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