Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 101.60 101 100 99.45 99.45
Stock Market (points) 1226.66 1212 1197 1183 1183

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.00 1 0.8 0.7 1.1
GDP Annual Growth Rate (%) 2.20 3.5 3.6 3.8 4.3
Unemployment Rate (%) 8.90 8.4 8 8.3 8.3
Inflation Rate (%) 2.50 3.7 3.3 3.2 3.1
Interest Rate (%) 5.75 5.5 5.25 5 4.5
Balance of Trade (USD Million) -967.60 -790 -930 -1400 -1400
Current Account to GDP (% of GDP) -6.30 -5.2
Government Debt to GDP (% of GDP) 47.20 50
Government Budget (% of GDP) -2.20 -1.5

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.00 1 0.8 0.7 1.1
GDP Annual Growth Rate (%) 2.20 3.5 3.6 3.8 4.3
GDP Constant Prices (RSD Million) 1962744.90 1913052 1954039 2037329 2047143
Gross Fixed Capital Formation (RSD Million) 560833.40 433425 493097 582145 584949
GDP from Public Administration (RSD Million) 240211.00 233899 222469 249339 250540
GDP from Services (RSD Million) 314701.40 299158 311402 326660 328234
GDP from Manufacturing (RSD Million) 348998.20 362679 367565 362260 364005
GDP from Agriculture (RSD Million) 88669.10 70475 99070 92039 92482
GDP from Construction (RSD Million) 108591.80 79753 86883 112718 113261
GDP (USD Billion) 89.08 92.64
GDP per Capita (USD) 8575.55 8919
GDP per Capita PPP (USD) 26884.46 27960
Full Year GDP Growth (%) 3.90 4

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 8.90 8.4 8 8.3 8.3
Wages (RSD/Month) 118429.00 114570 116242 132775 126719
Wage Growth (%) 10.20 7 6.5 7 7
Labour Costs (points) 188.50 203 191 202 202
Population (Million) 6.57 6.6

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 2.50 3.7 3.3 3.2 3.1
Consumer Price Index CPI (points) 101.30 104 103 104 104
Producer Prices Change (%) 0.20 2.5 2.8 2.6 2.4
Inflation Rate MoM (%) 0.50 0.1 0 0.2 0.3
Food Inflation (%) -0.70 3.5 4.2 4 3.8
CPI Transportation (points) 100.80 101 101 101 101

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 5.75 5.5 5.25 5 4.5
Deposit Interest Rate (%) 4.50 4.25 4 3.75 3.25
Lending Rate (%) 7.00 6.75 6.5 6.25 5.75

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (USD Million) -967.60 -790 -930 -1400 -1400
Exports (USD Million) 2753.80 2710 2750 2370 2370
Imports (USD Million) 2953.20 3500 3680 3770 3770
Current Account to GDP (% of GDP) -6.30 -5.2

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Industrial Production (%) -0.30 2.8 3.2 3.5 4.2

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales YoY (%) 4.60 5.7 5.3 7 8
Consumer Credit (RSD Million) 1980131.00 1820774 1914556 2015752 2065277
Consumer Spending (RSD Million) 1212813.30 1242479 1261486 1258900 1264964
Gasoline Prices (USD/Liter) 1.84 2.52 2.16 1.8 1.8

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 47.20 50
Government Budget (% of GDP) -2.20 -1.5