Serbia GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

Units In

3.3

Frequency

Quarterly

Next Release

Sep 01, 2025

Time to Release

2 Months 27 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
26.2 Jun 2000	-21.5 Jun 1999	3.2 %	1997-2025	Statistical Office of the Republic of Serbia

On the expenditure side, household consumption is the main component of Serbia's 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.

Latest Updates

Serbia’s economy grew by 2% year-on-year in the first quarter of 2025, in line with preliminary estimates but slowing from a 3.3% increase in Q4 2024. The GDP growth deceleration was mainly driven by a decline in gross fixed capital formation (-1% vs. 1.1%), and a slower rise in household consumption (1.7% vs. 3.8%). However, this was partially offset by a rebound in government expenditure (0.5% vs. -0.3%). On the external front, exports expanded at a slower pace (7.5% vs. 8.1%), while imports accelerated (11.5% vs. 7.1%). On a seasonally adjusted quarterly basis, the Serbian economy contracted by 0.6%, following a 1.1% growth in Q4 2024.