Retail Sales in Serbia increased 8.5% year-on-year in December 2025, the biggest gain since April 2024, compared to a 7.6% rise in November. Retail Sales YoY in Serbia averaged 5.31 percent from 2003 until 2025, reaching an all time high of 43.10 percent in April of 2021 and a record low of -19.50 percent in July of 2011. source: National Bank of Serbia

Retail Sales in Serbia increased 8.50 percent in December of 2025 over the same month in the previous year.

Retail Sales in Serbia increased 8.50 percent in December of 2025 over the same month in the previous year. Retail Sales YoY in Serbia is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Retail Sales YoY is projected to trend around 8.50 percent in 2027 and 5.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-30 11:00 AM
Retail Sales YoY
Nov 7.6% 7.4% 6.0%
2026-01-30 11:00 AM
Retail Sales YoY
Dec 8.5% 7.6% 7.3%
2026-02-27 11:00 AM
Retail Sales YoY
Jan 8.5% 6.8%


Related Last Previous Unit Reference
Consumer Credit 1941958.00 1913325.00 RSD Million Dec 2025
Consumer Spending 1216353.70 1199225.10 RSD Million Sep 2025
Gasoline Prices 1.78 1.79 USD/Liter Jan 2026
Retail Sales MoM 9.40 -3.30 percent Dec 2025
Retail Sales YoY 8.50 7.60 percent Dec 2025


Serbia Retail Sales YoY
In Serbia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Actual Previous Highest Lowest Dates Unit Frequency
8.50 7.60 43.10 -19.50 2003 - 2025 percent Monthly
Constant Prices, NSA