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

Serbia's economy advanced 3.5 percent year-on-year in three months to March of 2016, compared to 1.2 percent expansion in the previous period, marking the strongest growth since the fourth quarter of 2013, according to flash estimates. In 2016, the GDP is expected to expand 2.0 percent. 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
3.50 1.20 21.10 -21.30 1997 - 2016 percent Quarterly
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. Serbia's total public debt increased to about 70 percent of GDP in 2014 from 28 percent in 2008. 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-01 11:00 AM Q4 1.3% 2.2% 2%
2016-02-29 11:00 AM Q4 1.2% 2.3% 1.3% 1.3%
2016-05-04 10:00 AM Q1 3.5% 1.2% 1.3%
2016-05-31 10:00 AM Q1 1.2% 3.5%
2016-08-01 10:00 AM Q2 1.95%
2016-08-31 10:00 AM Q2

Serbia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 -0.20 7.90 -15.10 percent [+]
GDP Annual Growth Rate 3.50 1.20 21.10 -21.30 percent [+]
GDP 43.87 45.52 49.26 6.54 USD Billion [+]
GDP Constant Prices 823982.90 799079.10 836063.50 410507.00 RSD Million [+]
Gross Fixed Capital Formation 200255.00 193284.80 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 69433.10 73392.90 87289.10 42547.50 RSD Million [+]
GDP From Construction 44693.00 39651.60 52305.30 13936.30 RSD Million [+]
GDP From Manufacturing 167178.40 160917.50 174584.00 100127.60 RSD Million [+]
GDP From Public Administration 105774.90 100246.70 105774.90 69732.30 RSD Million [+]
GDP From Services 128540.50 123705.50 133104.40 39920.70 RSD Million [+]




Last
South Sudan 15.90 Dec/14
Ethiopia 10.20 Dec/14
Ivory Coast 9.80 Dec/15
Congo 9.50 Dec/14
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
Chad 7.20 Dec/14
Monaco 7.20 Dec/14
East Timor 7.10 Dec/14
Rwanda 7.10 Dec/15
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Cameroon 7.00 Sep/15
Laos 7.00 Dec/15
Senegal 7.00 Dec/15
Cambodia 6.90 Dec/15
China 6.70 Mar/16
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Sierra Leone 6.57 Dec/14
Mauritania 6.40 Dec/14
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Republic of the Congo 6.00 Dec/14
Tajikistan 6.00 Dec/15
Togo 6.00 Dec/15
Philippines 5.80 Dec/15
Benin 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Kenya 5.60 Dec/15
Mozambique 5.60 Dec/15
Bhutan 5.50 Dec/14
Djibouti 5.50 Dec/14
Vietnam 5.46 Mar/16
Panama 5.30 Dec/15
Gabon 5.10 Dec/14
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Maldives 4.80 Dec/15
Sao Tome and Principe 4.80 Dec/14
Burundi 4.70 Dec/14
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Peru 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Malaysia 4.50 Dec/15
Sweden 4.50 Dec/15
Lesotho 4.40 Dec/14
Poland 4.30 Dec/15
Seychelles 4.30 Dec/15
Slovakia 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Guinea 4.20 Dec/14
Cuba 4.00 Dec/15
Czech Republic 4.00 Dec/15
Fiji 4.00 Dec/15
Kosovo 4.00 Sep/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Romania 3.70 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Sep/15
Namibia 3.50 Sep/15
Serbia 3.50 Mar/16
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Hungary 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Australia 3.00 Dec/15
Bulgaria 3.00 Dec/15
Comoros 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Georgia 2.90 Dec/15
Mexico 2.90 Mar/16
Bahrain 2.80 Dec/15
Thailand 2.80 Dec/15
Cyprus 2.70 Dec/15
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Sep/15
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
Mongolia 2.30 Dec/15
New Zealand 2.30 Dec/15
Israel 2.20 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Nigeria 2.11 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Germany 2.10 Dec/15
United Kingdom 2.10 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Eritrea 1.90 Dec/14
Hong Kong 1.90 Dec/15
Latvia 1.80 Mar/16
Singapore 1.80 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Euro Area 1.60 Mar/16
Netherlands 1.60 Dec/15
Belgium 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Austria 1.30 Mar/16
Chile 1.30 Dec/15
France 1.30 Mar/16
Portugal 1.30 Dec/15
Bahamas 1.20 Dec/15
Paraguay 1.10 Dec/15
Italy 1.00 Dec/15
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Argentina 0.90 Dec/15
Estonia 0.70 Dec/15
Japan 0.70 Dec/15
Belize 0.60 Dec/15
Finland 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Tunisia 0.30 Dec/15
Barbados 0.20 Dec/14
Norway 0.10 Dec/15
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Brunei -0.50 Dec/15
Greece -0.70 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Gambia -1.40 Dec/14
Ukraine -1.40 Dec/15
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Russia -3.80 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Libya -21.80 Dec/14
Yemen -28.10 Dec/15