Serbia GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

3.3

Units In

3.1

Frequency

Quarterly

Next Release

Jun 02, 2025

Time to Release

3 Months 0 Days 12 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 3.3% over a year ago in the fourth quarter of 2024, in line with the preliminary estimate and matching the revised figure from the previous three-month period. The expansion was driven by both household consumption (+3.8%) and gross fixed investment (+1.2%) while government spending decreased by 0.3%.On the external front, exports increased by 3.1%, while imports surged by 7.1%. Among economic sectors, the strongest growth was seen in wholesale and retail trade, transportation, accommodation, and food services (6.0%), information and communication (9.8%), and industry, water supply, and waste management (3.5%). Conversely, agriculture, forestry, and fishing contracted by 7.6%, and construction fell by 5.5%. On a seasonally adjusted quarterly basis, the Serbian GDP increased by 1.1% in Q4, after a 0.5% rise in the quarter.