Serbia Full Year GDP Growth2022 Data - 2023 Forecast - 1996-2021 Historical - Chart

Serbia's GDP expanded by 7.4 percent in 2021, pushed by the consumption, pushed by a large increase in private consumption (up 7.6 percent in real terms y/y), thanks to a strong increase of salaries and consumption loans. The economic recovery in 2021 was broad based, with the exception of the agriculture sector, where output declined by 5.4 percent in real terms. source: Statistical Office of the Republic of Serbia

Full Year GDP Growth in Serbia averaged 3.31 percent from 1996 until 2021, reaching an all time high of 9.03 percent in 2004 and a record low of -9.42 percent in 1999. This page includes a chart with historical data for Serbia Full Year GDP Growth. Serbia Full Year GDP Growth - values, historical data and charts - was last updated on July of 2022.

Full Year GDP Growth in Serbia is expected to reach 3.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Full Year GDP Growth is projected to trend around 2.50 percent in 2023 and 2.80 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	-0.50	1.60	percent	Mar 2022
GDP Annual Growth Rate	4.40	7.00	percent	Mar 2022
GDP	63.07	53.34	USD Billion	Dec 2021

Serbia Full Year GDP Growth

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.