Serbia GDP Q4 2017


Serbia: GDP growth accelerates in Q4

January 31, 2018

According to a flash estimate released by the Statistical Institute on 31 January, the economy grew 2.5% in the fourth quarter compared to the same quarter a year earlier, higher than the 2.1% growth recorded in the third quarter.

The fourth quarter’s print puts full-year growth at 1.8% in 2017, which is below a flash estimate—released by the Statistical Institute on 29 December—of 1.9%. Economic growth was slower in 2017 than in 2016, which recorded growth of 2.8%, partly due to unfavorable weather conditions which negatively affected agricultural output.

More comprehensive economic growth data for Q4 will be released on 28 February.

The National Bank of Serbia expects the economy to expand 3.5% in 2018. FocusEconomics Consensus Forecast panelists take a slightly more muted view and expect the economy to record 3.0% growth in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees GDP also increasing 3.1%.

Author:, Economist

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Serbia GDP Chart

Serbia GDP Q4  2017

Note: Year-on-year changes of GDP in %.
Source: Statistical Office of the Republic of Serbia (SORS) and FocusEconomics Consensus Forecast.

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