The Serbian economy advanced 2.5 percent year-on-year in the first quarter of 2019, higher than a preliminary estimate of 2.3 percent but slowing from a 3.4 percent expansion in the previous period. It was the weakest growth rate since the last quarter of 2017, as government spending eased (2.5 percent from 3.3 percent) while household consumption increased at the same pace as in the last quarter of 2018 (3.2 percent). Meantime, gross fixed capital formation advanced 8.4 percent, accelerating from a 3.2 percent expansion in the last quarter of 2018. Net foreign demand contributed negatively to growth, as exports rose 9.3 percent (from 10.6 percent in Q4) while imports went up at a faster 9.4 percent (from 10.9 percent). On a quarterly basis, the GDP expanded 0.3 percent, after a 0.2 percent growth in the prior quarter. GDP Annual Growth Rate in Serbia averaged 3.05 percent from 1997 until 2019, reaching an all time high of 21.10 percent in the second quarter of 2000 and a record low of -21.30 percent in the second quarter of 1999.

GDP Annual Growth Rate in Serbia is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Serbia to stand at 3.60 in 12 months time. In the long-term, the Serbia GDP Annual Growth Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Serbia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 11:00 AM GDP Growth Rate YoY Prel 3.5% 3.8% 3.5%
2019-03-01 11:00 AM GDP Growth Rate YoY Final 3.4% 4.1% 3.5%
2019-04-30 10:00 AM GDP Growth Rate YoY Prel 2.3% 3.4% 3.2%
2019-05-31 10:40 AM GDP Growth Rate YoY Final 2.5% 3.4% 2.3%
2019-07-31 10:00 AM GDP Growth Rate YoY Prel 2.5% 3.1%
2019-09-02 01:00 PM GDP Growth Rate YoY Final 3.1%
2019-10-31 11:00 AM GDP Growth Rate YoY Prel 3.2%


Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 6.90 -13.30 percent [+]
GDP Annual Growth Rate 2.50 3.40 21.10 -21.30 percent [+]
GDP 50.51 44.12 52.19 6.54 USD Billion [+]
GDP Constant Prices 892631.00 978872.40 978872.40 410507.00 RSD Million [+]
Gross Fixed Capital Formation 221776.30 264970.00 264970.00 2729.30 RSD Million [+]
GDP per capita 6880.50 6560.30 6880.50 3150.46 USD [+]
GDP per capita PPP 16035.36 15289.10 16035.36 6319.84 USD [+]
GDP From Agriculture 46872.90 70984.30 87289.10 33699.20 RSD Million [+]
GDP From Construction 32560.20 47571.60 47571.60 13936.30 RSD Million [+]
GDP From Manufacturing 201341.70 206604.50 211889.50 100127.60 RSD Million [+]
GDP From Public Administration 106145.70 114781.20 114781.20 69732.30 RSD Million [+]
GDP From Services 141745.70 157391.30 157391.30 39920.70 RSD Million [+]


Serbia GDP Annual Growth Rate

On the expenditure side, household consumption is the main component of Serbia's 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 3.40 21.10 -21.30 1997 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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