Serbia’s gross domestic product grew 0.3 percent on quarter in the three months to December of 2018, following an upwardly revised 0.8 percent advance in the previous period. It was the lowest pace of expansion since the last quarter of 2017, when the economy shrank by 1 percent. On a yearly basis, GDP rose 3.4 percent, slower than an upwardly revised 4.1 percent advance in the previous period and slightly lower than preliminary estimates of 3.5 percent. It was the lowest growth rate since the last quarter of 2017. GDP Growth Rate in Serbia averaged 0.68 percent from 1996 until 2018, reaching an all time high of 6.90 percent in the fourth quarter of 1997 and a record low of -13.30 percent in the second quarter of 1999.

Serbia GDP Growth Rate
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Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.80 6.90 -13.30 percent [+]
GDP Annual Growth Rate 2.30 3.40 21.10 -21.30 percent [+]
GDP 41.43 38.30 49.26 6.54 USD Billion [+]
GDP Constant Prices 979243.20 957700.30 979243.20 410507.00 RSD Million [+]
Gross Fixed Capital Formation 264955.10 246730.10 264955.10 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 70970.70 77234.80 87289.10 33699.20 RSD Million [+]
GDP From Construction 47577.80 45640.40 47577.80 13936.30 RSD Million [+]
GDP From Manufacturing 206544.10 199176.50 211829.20 100127.60 RSD Million [+]
GDP From Public Administration 114781.30 107791.40 114781.30 69732.30 RSD Million [+]
GDP From Services 157600.50 153773.50 157600.50 39920.70 RSD Million [+]


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. This page provides - Serbia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.80 6.90 -13.30 1996 - 2018 percent Quarterly
SA




Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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