Serbia GDP Annual Growth Rate  1997-2017 | Data | Chart | Calendar

Serbia's economy advanced 2.5 percent year-on-year in the fourth quarter of 2016, following an upwardly revised 2.8 percent expansion in the previous period and in a line with preliminary estimates. Household consumption (1 percent from 0.5 percent in Q3) and government expenditure (2.3 percent from 0.8 percent) rose at a faster pace while investments growth slowed (2.6 percent from 6.2 percent). The net trade contributed less negatively, as exports surged 13.8 percent (10.7 percent in Q3) and imports went up 5.9 percent (5.7 percent in Q3). On a quarterly basis, the GDP expanded 0.2 percent, following 0.5 percent growth in the previous period. GDP Annual Growth Rate in Serbia averaged 2.81 percent from 1997 until 2016, reaching an all time high of 21.10 percent in the second quarter of 2000 and a record low of -21.30 percent in the second quarter of 1999.

Serbia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-30 11:00 AM Q3 2.6% 1.9% 2.5% 2.5%
2017-01-31 11:00 AM Q4 2.5% 2.7% 2.1%
2017-02-28 11:00 AM Q4 2.5% 2.8% 2.1%
2017-05-03 10:00 AM Q1 2.5% 2.2%
2017-05-31 10:00 AM Q1 2.5% 2.2%
2017-07-31 10:00 AM Q2 2%




Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.30 6.90 -13.30 percent [+]
GDP Annual Growth Rate 2.50 2.80 21.10 -21.30 percent [+]
GDP 37.16 44.21 49.26 6.54 USD Billion [+]
GDP Constant Prices 844891.90 822671.60 844891.90 410507.00 RSD Million [+]
Gross Fixed Capital Formation 200196.20 200862.80 212492.50 2729.30 RSD Million [+]
GDP per capita 5661.11 5593.06 5670.71 3150.46 USD [+]
GDP per capita PPP 12867.12 12712.46 14046.10 6319.84 USD [+]
GDP From Agriculture 74981.00 81603.20 87289.10 42547.50 RSD Million [+]
GDP From Construction 40354.40 39876.90 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 168406.30 162123.40 174584.00 100127.60 RSD Million [+]
GDP From Public Administration 109675.70 102946.00 109675.70 69732.30 RSD Million [+]
GDP From Services 136439.70 131505.70 136439.70 39920.70 RSD Million [+]



Serbia GDP Annual Growth Rate Notes

Factors favorable to Serbia's economic growth include its relatively inexpensive and skilled labor force and free trade agreements with the EU, Russia, Turkey, and countries that are members of the CEFTA. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.80 21.10 -21.30 1997 - 2016 percent Quarterly



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