Serbia GDP Annual Growth Rate  1997-2016 | Data | Chart | Calendar

Serbia's economy advanced 2.0 percent year-on-year in second quarter of 2016, compared to an upwardly revised 3.8 percent expansion in the previous period and above preliminary estimates of 1.8 percent, final data showed. Household spending increased 1.3 percent (+0.9 percent in Q1); government spending went up 4.6 percent (+3.3 percent in Q1) while investments rose at a slower 4.9 pecrent (+8.4 percent in Q1). Exports grew 10 percent (+11.6 percent in Q1) and imports increased 12.3 percent (+4.7 percent in Q1). On a quarterly basis, the economy stalled. GDP Annual Growth Rate in Serbia averaged 2.81 percent from 1997 until 2015, 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. GDP Annual Growth Rate in Serbia is reported by the Statistical Office of the Republic of Serbia.

Serbia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.00 3.80 21.10 -21.30 1997 - 2016 percent Quarterly
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 October of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-31 10:00 AM Q1 3.5% 1.2% 3.5% 3.5%
2016-08-01 10:00 AM Q2 1.8% 3.5% 2.8%
2016-08-31 10:00 AM Q2 2% 3.8% 1.8% 1.8%
2016-10-31 11:00 AM Q3 2.4%
2016-11-30 11:00 AM Q3

Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 1.90 6.90 -13.30 percent [+]
GDP Annual Growth Rate 2.00 3.80 21.10 -21.30 percent [+]
GDP 36.51 44.21 49.26 6.54 USD Billion [+]
GDP Constant Prices 790448.60 749435.50 836063.50 410507.00 RSD Million [+]
Gross Fixed Capital Formation 186520.90 166627.50 212492.50 2729.30 RSD Million [+]
GDP per capita 5659.33 5593.06 5670.71 3150.46 USD [+]
GDP per capita PPP 12863.08 12712.46 14046.10 6319.84 USD [+]
GDP From Agriculture 58775.40 50872.60 87289.10 42547.50 RSD Million [+]
GDP From Construction 38306.50 28997.10 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 165368.40 163960.00 174584.00 100127.60 RSD Million [+]
GDP From Public Administration 100407.20 96545.20 105774.90 69732.30 RSD Million [+]
GDP From Services 121071.40 109401.30 133104.40 39920.70 RSD Million [+]




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