GDP reading: Australia’s GDP grew 0.4% on a seasonally adjusted quarter-on-quarter basis in Q2, following a 0.3% expansion in the...
Private Consumption in Serbia
The Serbian economy recorded an average growth rate of 2.1% in private consumption in the decade to 2024, below the 5.2% average for South-Eastern Europe. In 2024, the growth of private consumption was4.2%. For more information on private consumption, visit our dedicated page.
Serbia Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Serbia from 2014 to 2025.
Source: Macrobond.
Serbia Private consumption Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 7.6 | 3.5 | 0.5 | 5.2 | 3.1 |
Economic growth accelerates in the second quarter of 2026
GDP reading: Serbia's GDP increased 3.6% on a year-on-year basis in Q2, following a 3.2% expansion in the prior quarter. Q2's reading was the strongest since Q2 2024.
Drivers: While a full breakdown has yet to be released, the economy appeared to benefit from a rebound in industrial output, though an uptick in inflation could have weighed on consumer spending.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Serbian private consumption projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Serbian private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Serbian private consumption projections.
Want to get access to the full dataset of Serbian private consumption forecasts? Send an email to info@focus-economics.com.
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