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Serbia GDP Annual Growth Rate
Last Release
Jun 30, 2024
Actual
4.2
Units In
%
Previous
4.6
Frequency
Quarterly
Next Release
Dec 02, 2024
Time to Release
2 Months 28 Days 10 Hours
Highest | Lowest | Average | Date Range | Source |
26.2 Jun 2000 | -21.5 Jun 1999 | 3.21 % | 1997-2024 | Statistical Office of the Republic of Serbia |
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.
Latest Updates
Serbia’s economy rose by 4% from a year earlier in the second quarter of 2024, slightly below the preliminary estimate of 4.2% and following a downwardly revised 4.6% growth in the previous three-month period. The expansion was driven by household consumption (4.8% vs 4.4% in Q1), government spending (4.5% vs 3.6%) and fixed capital formation (8.5% vs 7.5%). Meanwhile, net trade contributed negatively to the GDP as imports (8.5% vs 3.5%) increased much more than exports (4.4% vs 1.3%). On a seasonally adjusted quarterly basis, the Serbian GDP increased by 0.8% in Q2, after a downwardly revised 0.7% rise in the previous quarter.
Serbia GDP Annual Growth Rate History
Last 12 readings