Serbia's economy shrank 9.2 percent on quarter in the three months to June 2020, following a 0.5 percent decline in the previous period. It was the sharpest contraction since the second quarter of 1999, as the coronavirus pandemic hit the economy.
GDP Growth Rate in Serbia averaged 0.74 percent from 1996 until 2020, 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 - values, historical data and charts - was last updated on October of 2020.
GDP Growth Rate in Serbia is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Serbia to stand at 1.60 in 12 months time. In the long-term, the Serbia GDP Growth Rate is projected to trend around 0.90 percent in 2021 and 0.70 percent in 2022, according to our econometric models.