Please Paste this Code in your Website
||1996 - 2015
Serbia's economy depends on manufacturing and exports, driven by foreign direct investments. It is estimated that only in 2011, the country attracted more than 2 billion dollars in FDI. The FDI are concentrated in a variety of industries including metal processing, building, textile, beverage, electronics and financial. However, due to historical reasons the state still accounts for a large part of economic activity, but reforms are being implemented to change this. In 2008, Serbia signed a Stability and Association Agreement with the European Union and in 2009 submitted its formal application for membership. 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. Household expenditure 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 consumption (18 percent). Meanwhile, external balance of exports and imports accounts for -10 percent of total GDP. This page provides - Serbia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Serbia GDP Growth Rate - was last refreshed on Monday, October 5, 2015.