Serbia GDP Annual Growth Rate  1997-2017 | Data | Chart | Calendar

The Serbian economy advanced 1.3 percent year-on-year in the second quarter of 2017, above a downwardly revised 1 percent expansion in the previous period and in line with the preliminary estimate. Higher growth rates were recorded for government spending (1.7 percent compared to 0.5 percent in the previous quarter), gross fixed capital formation (2 percent compared to 1.9 percent) and exports (11.5 percent compared to 9.7 percent) while imports went up at a slower 10.3 percent (11.7 percent in the previous period). On the other hand, household spending eased (1.6 percent compared to 2 percent). On a quarterly basis, the economy expanded 0.5 percent. GDP Annual Growth Rate in Serbia averaged 2.77 percent from 1997 until 2017, 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
2017-06-01 02:55 PM GDP Growth Rate YoY Final 1.2% 2.5% 1% 1%
2017-07-31 12:40 PM GDP Growth Rate YoY Prel 1.3% 1.2% 1.7%
2017-08-31 10:00 AM GDP Growth Rate YoY Final 1.3% 1% 1.3% 1.3%
2017-10-31 11:00 AM GDP Growth Rate YoY Prel 1.3% 1.9%
2017-11-30 11:00 AM GDP Growth Rate YoY Final 1.3% 1.9%


Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.10 6.90 -13.30 percent [+]
GDP Annual Growth Rate 1.30 1.00 21.10 -21.30 percent [+]
GDP 37.16 44.21 49.26 6.54 USD Billion [+]
GDP Constant Prices 801438.00 758441.50 844891.90 410507.00 RSD Million [+]
Gross Fixed Capital Formation 195016.90 169305.10 212492.50 2729.30 RSD Million [+]
GDP per capita 5852.08 5663.39 5852.08 3150.46 USD [+]
GDP per capita PPP 13720.09 13277.71 14046.10 6319.84 USD [+]
GDP From Agriculture 52946.40 51857.20 87289.10 42547.50 RSD Million [+]
GDP From Construction 35801.20 25315.50 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 170526.00 161874.80 174584.00 100127.60 RSD Million [+]
GDP From Public Administration 102374.10 97963.00 109675.70 69732.30 RSD Million [+]
GDP From Services 127359.10 114752.80 136439.70 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.00 21.10 -21.30 1997 - 2017 percent Quarterly




gdp annual growth rate by Country

Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
Italy 1.50 Jun/17
United Kingdom 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17