Serbia's gross domestic product expanded by 3.7 percent year-on-year in the third quarter of 2018, following a 4.8 percent growth in the previous three-month period, the preliminary estimate showed. It was the weakest pace of expansion since the beginning of 2018. GDP Annual Growth Rate in Serbia averaged 2.83 percent from 1997 until 2018, 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.

GDP Annual Growth Rate in Serbia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Serbia to stand at 3.20 in 12 months time. In the long-term, the Serbia GDP Annual Growth Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Serbia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-31 10:00 AM GDP Growth Rate YoY Prel 4.4% 4.6% 4.1%
2018-08-31 01:00 PM GDP Growth Rate YoY Final 4.8% 4.9% 4.4%
2018-10-31 11:00 AM GDP Growth Rate YoY Prel 3.7% 4.8% 3.6%
2018-11-30 11:00 AM GDP Growth Rate YoY Final 4.8%


Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.70 6.90 -13.30 percent [+]
GDP Annual Growth Rate 3.70 4.80 21.10 -21.30 percent [+]
GDP 41.43 38.30 49.26 6.54 USD Billion [+]
GDP Constant Prices 840678.90 794407.30 868894.40 410507.00 RSD Million [+]
Gross Fixed Capital Formation 225469.10 200679.50 231773.50 2729.30 RSD Million [+]
GDP per capita 5992.28 5852.38 5992.28 3150.46 USD [+]
GDP per capita PPP 14048.88 13720.89 14048.88 6319.84 USD [+]
GDP From Agriculture 61296.50 54964.30 87289.10 42547.50 RSD Million [+]
GDP From Construction 43006.90 31975.00 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 173874.50 168778.30 176170.90 100127.60 RSD Million [+]
GDP From Public Administration 106393.80 99629.00 111580.90 69732.30 RSD Million [+]
GDP From Services 132383.80 120001.00 142455.50 39920.70 RSD Million [+]


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. 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 4.80 21.10 -21.30 1997 - 2018 percent Quarterly




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
Brazil 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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