Serbia's gross domestic product expanded by 13.7 percent year-on-year in the second quarter of 2021, following an upwardly revised 1.8 percent growth in the previous three-month period. That was the fastest pace of expansion since the last quarter of 2001, boosted by a rebound in activity and demand following the reopening of the economy. Household consumption surged 17.6 percent (vs -1.7 percent in Q1) and fixed investment jumped 22.5 percent (vs 9.0 percent in Q1), while public spending contracted 3.8 percent (vs -0.6 percent in Q1). In addition, net trade contributed negatively to the GDP as imports rose more than exports. source: Statistical Office of the Republic of Serbia
GDP Annual Growth Rate in Serbia averaged 3.17 percent from 1997 until 2021, reaching an all time high of 26.20 percent in the second quarter of 2000 and a record low of -21.50 percent in the second quarter of 1999. This page provides - Serbia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
GDP Annual Growth Rate in Serbia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia GDP Annual Growth Rate is projected to trend around 3.70 percent in 2022, according to our econometric models.