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

Serbian economic growth was confirmed at 2.1 percent year-on-year in the third quarter of 2017, the same as in the previous quarter and in line with preliminary estimates. It is the highest growth so far this year, as investment advanced considerably (6.2 percent from 2.6 percent) and household final consumption expenditure increased faster (1.7 percent from 1.6 percent). Also, exports rose 11.4 percent (11.2 percent in the second quarter) and imports went up 10.7 percent (9.0 percent). In contrast, a slowdown was recorded for general government final consumption expenditure (1.0 percent from 1.5 percent) and non-profit institutions serving households final consumption expenditure (0.2 percent from 0.7 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
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 2.1% 1.3% 1.7%
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 2.1% 2.10%
2018-02-28 11:00 AM GDP Growth Rate YoY Final
2018-05-03 10:00 AM GDP Growth Rate YoY Prel 2.70%


Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 0.90 6.90 -13.30 percent [+]
GDP Annual Growth Rate 2.10 1.40 21.10 -21.30 percent [+]
GDP 37.16 44.21 49.26 6.54 USD Billion [+]
GDP Constant Prices 841580.40 801438.00 844891.90 410507.00 RSD Million [+]
Gross Fixed Capital Formation 221636.70 195016.90 221636.70 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 72963.30 52946.40 87289.10 42547.50 RSD Million [+]
GDP From Construction 41054.10 35801.20 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 173201.60 170526.00 174584.00 100127.60 RSD Million [+]
GDP From Public Administration 103933.20 102374.10 109675.70 69732.30 RSD Million [+]
GDP From Services 137354.50 127359.10 137354.50 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.40 21.10 -21.30 1997 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
France 2.30 Sep/17
United States 2.30 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
United Kingdom 1.70 Sep/17
Mexico 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17


Related

Latest