Serbia GDP Q1 2018


Serbia: GDP growth accelerates to the fastest rate in nearly 10 years in Q1

April 30, 2018

According to a flash estimate released by the Statistical Institute on 30 April, the economy grew 4.5% in the first quarter of 2018 compared to the same quarter a year earlier, significantly higher than the 2.5% growth recorded in the fourth quarter in 2017, and the highest print since Q3 2008.

More comprehensive economic growth data for Q1 2018 will be released on 31 May.

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 3.2% growth in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel sees GDP increasing 3.1%.

Author:, Economist

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Serbia GDP Chart

Serbia GDP Q1  2018

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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