GDP growth in Serbia in 2025 at 2%, inflation at 2.8%

The total economic activity of the Republic of Serbia in 2025, measured by the real movements of the Gross domestic product (GDP), was estimated to made growth of 2.0% when related to 2024, the Statistical Office of the Republic of Serbia announced today.

In 2025 gross fixed capital formation recorded the real growth equalling 0.9% in comparison to 2024. In 2025 agricultural production made the physical volume fall of 0.3%. In 2025 industrial production expressed growth of 1.0%, and manufacturing – growth of 1.2%. The value of construction works carried out in 2025 expressed real fall of 8.4% in comparison to 2024.

Retail trade turnover recorded real growth equalling 4.2%, while the wholesale trade turnover decreased by 1.1% in nominal terms. When 2025 is related to 2024, external trade in goods expressed in euros indicated growth of exports by 8.0%, and growth of imports by 7.3%.

Within the section of accommodation and food service activities, in 2025 real growth of catering industry equalling 1.5% was estimated, while the number of tourist overnight stays decreased by 3.3%. When 2025 is related to 2024, transportation expressed physical volume growth of 4.7%, and for telecommunications recorded was physical volume fall of 5.3%. According to the data of the Labour Force Survey, in the third quarter 2025 the rate of employment equalled 51.3%, while the rate of unemployment equalled 8.2%. When 2025 is related to 2024, average salaries (wages) taxes and contributions deducted increased by 11.2% in nominal terms, and by 7.1% in real terms. The estimated annual inflation rate equals 2.8%, says the press release by the Statistical Office.