Serbia’s GDP grew 2.2 percent quarter-on-quarter in the three months to September 2019, accelerating from an upwardly revised 1.4 percent expansion in the previous period. It was the fastest pace of expansion since Q4 2007. On a yearly basis, the GDP advanced 4.8 percent, up from a 2.9 percent gain in Q2, and the highest in five quarters. Serbia GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Serbia averaged 0.70 percent from 1996 until 2019, 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. This page provides - Serbia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Growth Rate in Serbia is expected to be 0.40 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 0.60 in 12 months time. In the long-term, the Serbia GDP Growth Rate is projected to trend around 0.60 percent in 2021 and 0.70 percent in 2022, according to our econometric models.

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Serbia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.40 6.90 -13.30 1996 - 2019 percent Quarterly

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.