Serbia GDP Growth Rate  1996-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Serbia contracted 0.40 percent in the third quarter of 2015 over the previous quarter. GDP Growth Rate in Serbia averaged 0.54 percent from 1996 until 2015, reaching an all time high of 6.80 percent in the third quarter of 1997 and a record low of -10 percent in the second quarter of 1999. GDP Growth Rate in Serbia is reported by the Statistical Office of the Republic of Serbia.

Serbia GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.40 2.20 6.80 -10.00 1996 - 2015 percent Quarterly
SA
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. Serbian GDP contracted by 3.1 percent in 2009 but saw brief positive growth in 2010-11 before going back into recession in 2012, as private spending struggled to recover. It was only in 2013 that the economy posted a 2.6 percent growth, led by exports of goods and services. 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. This page provides - Serbia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-09-30 11:00 AM Q2 2013 0.3% 1.9% 0.35%
2013-12-30 11:00 AM Q3 2013 1.4% 0.1%(R) 1.07%
2014-03-31 11:00 AM Q4 2013 -1.0% 1.4% 1.28%

Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.40 2.20 6.80 -10.00 percent [+]
GDP Annual Growth Rate 1.30 2.20 21.10 -21.30 percent [+]
GDP 43.87 45.52 49.26 6.54 USD Billion [+]
GDP Constant Prices 799079.10 773440.20 836063.50 410507.00 RSD Million [+]
Gross Fixed Capital Formation 193284.80 176728.40 212492.50 2729.30 RSD Million [+]
GDP per capita 4245.54 4302.98 5024.74 2078.58 USD [+]
GDP per capita PPP 12716.90 12888.94 14046.10 6319.84 USD [+]
GDP From Agriculture 73392.90 55921.30 87289.10 42547.50 RSD Million [+]
GDP From Construction 39651.60 34150.50 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 160917.50 167578.30 174584.00 100127.60 RSD Million [+]
GDP From Public Administration 100246.70 96676.00 104947.20 69732.30 RSD Million [+]
GDP From Services 123705.50 116793.30 133104.40 39920.70 RSD Million [+]




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