The economy of Serbia expanded 2% year-on-year in the last three months of 2025, slightly higher than 2% in the previous period, preliminary estimates showed. 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. 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.

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
2025-12-01 11:00 AM
YoY Final
Q3 2.0% 2.0% 2% 2.0%
2026-02-02 11:00 AM
YoY Flash
Q4 2.2% 2.0% 2.0%
2026-03-02 11:00 AM
YoY Final
Q4 2.0% 2.2% 2.2%


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 1886251.20 1848166.50 RSD Million Sep 2025
GDP from Agriculture 95627.70 67955.80 RSD Million Sep 2025
GDP from Construction 84411.30 77055.80 RSD Million Sep 2025
GDP from Manufacturing 354551.20 350443.60 RSD Million Sep 2025
GDP from Public Administration 214677.90 225989.10 RSD Million Sep 2025
GDP from Services 300553.20 289041.60 RSD Million Sep 2025
GDP Growth Rate 0.60 1.20 percent Sep 2025
Gross Fixed Capital Formation 476139.50 418838.10 RSD Million Sep 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
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
Serbian GDP Growth Confirmed at Two-Year Low
Serbia’s economy grew by 2% year-on-year in the first quarter of 2025, in line with preliminary estimates but slowing from a 3.3% increase in Q4 2024. The GDP growth deceleration was mainly driven by a decline in gross fixed capital formation (-1% vs. 1.1%), and a slower rise in household consumption (1.7% vs. 3.8%). However, this was partially offset by a rebound in government expenditure (0.5% vs. -0.3%). On the external front, exports expanded at a slower pace (7.5% vs. 8.1%), while imports accelerated (11.5% vs. 7.1%). On a seasonally adjusted quarterly basis, the Serbian economy contracted by 0.6%, following a 1.1% growth in Q4 2024.
2025-06-02