The Gross Domestic Product (GDP) in Serbia expanded 1.70 percent in the fourth quarter of 2021 over the previous quarter. source: Statistical Office of the Republic of Serbia

GDP Growth Rate in Serbia averaged 0.85 percent from 1995 until 2021, reaching an all time high of 16.10 percent in the third quarter of 1999 and a record low of -19.60 percent in the second quarter of 1999. This page provides - Serbia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

GDP Growth Rate in Serbia is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia GDP Growth Rate is projected to trend around 0.50 percent in 2023 and 0.70 percent in 2024, according to our econometric models.

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.

Please Paste this Code in your Website
Serbia GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 1.70 1.70 percent Dec 2021
GDP Annual Growth Rate 7.00 7.60 percent Dec 2021
GDP Constant Prices 1406191.80 1359443.40 RSD Million Dec 2021
Gross Fixed Capital Formation 435255.10 367142.10 RSD Million Dec 2021
Full Year GDP Growth 7.39 -0.95 percent Dec 2021
GDP From Services 253799.80 247176.10 RSD Million Dec 2021
GDP From Public Administration 143543.40 132691.30 RSD Million Dec 2021
GDP From Manufacturing 277510.10 264493.30 RSD Million Dec 2021
GDP From Construction 93237.40 78973.50 RSD Million Dec 2021
GDP From Agriculture 85143.50 93162.10 RSD Million Dec 2021

Serbia GDP Growth Rate
Serbia's economy depends on manufacturing and exports, driven by foreign direct investments. The FDI are concentrated in a variety of industries including metal processing, building, textile, beverage, electronics and financial. 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.70 16.10 -19.60 1995 - 2021 percent Quarterly