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

Serbia's gross domestic product advanced 2.5 percent year-on-year in the fourth quarter of 2017, in line with the preliminary estimate and following a 2.1 percent growth in the previous period. It was the strongest pace of expansion in a year. Higher growth rates were recorded for household consumption (1.9 percent compared to 1.8 percent in Q3); government consumption (1.1 percent compared to 1.0 percent) and gross fixed capital formation (12.4 percent compared to 6.2 percent). Also, imports continued to rise (12.0 percent compared to 10.8 percent), while exports went up at a slower pace (7.5 percent compared to 11.6 percent). On a quarterly basis, the gross domestic product increased 0.6 percent, after a 1.6 percent expansion in the prior period. 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
2017-11-30 11:00 AM GDP Growth Rate YoY Final 2.1% 1.3% 2.1% 2.1%
2018-01-31 11:00 AM GDP Growth Rate YoY Prel 2.5% 2.1% 2.2%
2018-02-28 11:00 AM GDP Growth Rate YoY Final 2.5% 2.1% 2.5% 2.5%
2018-05-03 10:00 AM GDP Growth Rate YoY Prel 2.5% 2%
2018-06-01 02:55 PM GDP Growth Rate YoY Final
2018-07-31 12:40 PM GDP Growth Rate YoY Prel 2%


Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 1.60 6.90 -13.30 percent [+]
GDP Annual Growth Rate 2.50 2.10 21.10 -21.30 percent [+]
GDP 37.16 44.21 49.26 6.54 USD Billion [+]
GDP Constant Prices 868583.70 841580.40 868583.70 410507.00 RSD Million [+]
Gross Fixed Capital Formation 231665.80 221636.70 231665.80 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 67738.50 72963.30 87289.10 42547.50 RSD Million [+]
GDP From Construction 46147.00 41054.10 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 176099.10 173201.60 176099.10 100127.60 RSD Million [+]
GDP From Public Administration 111430.60 103933.20 111430.60 69732.30 RSD Million [+]
GDP From Services 142429.90 137354.50 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.10 21.10 -21.30 1997 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 2.90 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
South Korea 2.80 Dec/17
Euro Area 2.70 Dec/17
United States 2.60 Dec/17
France 2.50 Dec/17
Australia 2.40 Dec/17
Brazil 2.10 Dec/17
Japan 2.00 Dec/17
Switzerland 1.90 Dec/17
Italy 1.60 Dec/17
Mexico 1.50 Dec/17
United Kingdom 1.40 Dec/17
Russia 0.90 Dec/17


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