The Gross Domestic Product (GDP) in Serbia expanded 1.30 percent in the second quarter of 2021 over the previous quarter. source: Statistical Office of the Republic of Serbia

GDP Growth Rate in Serbia averaged 0.83 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 - values, historical data and charts - was last updated on September of 2021.

GDP Growth Rate in Serbia is expected to be 1.50 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 0.90 percent in 2022 and 0.70 percent in 2023, according to our econometric models.

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Serbia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 2.00 16.10 -19.60 1995 - 2021 percent Quarterly
SA

Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 2.00 16.10 -19.60 percent [+]
GDP Annual Growth Rate 13.70 1.80 26.20 -21.50 percent [+]
GDP 52.96 51.48 52.96 6.88 USD Billion [+]
GDP Constant Prices 1295205.30 1220277.70 1326019.20 518596.10 RSD Million [+]
Gross Fixed Capital Formation 318954.30 292885.70 378117.90 1017.20 RSD Million [+]
GDP per capita 7197.46 7229.94 7229.94 3064.03 USD [+]
GDP per capita PPP 18210.00 18292.18 18292.18 6319.84 USD [+]
GDP From Agriculture 69801.60 61648.30 99847.90 43082.50 RSD Million [+]
GDP From Construction 69151.70 58618.80 91246.90 8758.80 RSD Million [+]
GDP From Manufacturing 259480.00 269857.00 269857.00 104648.50 RSD Million [+]
GDP From Public Administration 130214.40 131159.80 136701.00 68614.80 RSD Million [+]
GDP From Services 236552.00 207745.20 236552.00 57715.60 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.