Name: Serbia Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The gross domestic product of Serbia expanded by 3.9% for the full year of 2024, according to preliminary estimates. Full Year GDP Growth in Serbia averaged 3.23 percent from 1996 until 2024, reaching an all time high of 8.90 percent in 1997 and a record low of -10.30 percent in 1999. source: Statistical Office of the Republic of Serbia

Full Year GDP Growth in Serbia is expected to reach 3.80 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Full Year GDP Growth is projected to trend around 4.20 percent in 2025 and 4.00 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	3.90	3.80	percent	Dec 2024
GDP	75.19	63.56	USD Billion	Dec 2023
GDP Growth Rate YoY	3.10	4.20	percent	Sep 2024
GDP Constant Prices	1841167.00	1808387.50	RSD Million	Sep 2024
GDP from Agriculture	94751.50	67032.70	RSD Million	Sep 2024
GDP from Construction	94474.70	90087.40	RSD Million	Sep 2024
GDP from Manufacturing	341639.70	337219.50	RSD Million	Sep 2024
GDP from Public Administration	208811.60	221446.90	RSD Million	Sep 2024
GDP from Services	295401.90	286787.90	RSD Million	Sep 2024
GDP Growth Rate	0.50	0.90	percent	Sep 2024
Gross Fixed Capital Formation	476812.90	426223.20	RSD Million	Sep 2024

Serbia Full Year GDP Growth

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.