Serbia's GDP growth increases by 4.8% in second quarter

The real GDP growth in the second quarter of 2018, compared to the corresponding period of the previous year, amounted 4.8%.

According to seasonally adjusted GDP data, gross domestic product increased by 0.8% in the second quarter of 2018, compared to the previous quarter, Statistical Office of the Republic of Serbia said in an official statement.

Observed by activities, in the April-June period of 2018, compared to the same quarter of the previous year, significant real growth in the gross value added was recorded in the section of construction – 22.9%, the section of agriculture, forestry and fishing – 14.8% and the section of information and communication – 5.9%

Observed by expenditure aggregates, in the second quarter of 2018, compared to the same quarter of the previous year, real growth was noted in all aggregates.

the household final consumption expenditure had increased by 3.1%, the non-
profit institutions serving households (NPISH) final consumption expenditure by 2.8%, the general government final consumption expenditure – 5.3%, gross fixed capital formation –
12.1%, the exports of goods and services – 7.1% and the import of goods and services – 9.2%, the official statement said.

Republički zavod za statistiku

Serbian GDP

Serbia's GDP growth increase

Serbian economic growth