Overview
Discussions Key data points
Last release
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Observation period
Q2 2024
Next release
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Forecast
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Highest
15.00 % on Sep 30, 1999
Lowest
−19.30 % on Jun 30, 1999
About Serbia GDP Growth Rate
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.