Serbia GDP Growth RateSerbia GDP Growth RateSerbia GDP Growth Rate

Serbia GDP Growth Rate

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Key data points


Last release
Observation period
Q2 2024
Next release
Forecast
Highest
15.00% on Sep 30, 1999
Lowest
−19.30% on Jun 30, 1999

About Serbia GDP Growth Rate


Category
GDP
Frequency
Quarterly
Units
%
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. 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.