GDP in Serbia
Serbia - GDP (billions of Euros)Economic growth accelerated in the second quarter on a jump in fixed investment, likely as the current low interest rate environment and the government’s pursual of IMF-backed reforms spurred private-sector capital spending. Consumer spending, which increased at a steady pace in the second quarter, will have also benefited from the unemployment rate falling to the lowest level in over five years. On the external front, growth in exports slowed, likely dampened by trade tensions with Kosovo and fragile Eurozone demand. Turning to the third quarter, economic momentum appears primed to strengthen, as suggested by a rebound in industrial production and another month of strong retail sales in July. Meanwhile, on 9 September, Moody’s left its Ba3 rating of Serbian long-term government debt unchanged, but upgraded its outlook on the government’s improving fiscal metrics from stable to positive.
Serbia - GDP (EUR bn) Data
|GDP (EUR bn)||36.4||35.5||35.7||36.7||39.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.10||0.0 %||Sep 04|
|Exchange Rate||106.4||-0.31 %||Sep 04|
|Stock Market||1,589||-0.44 %||Sep 04|
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October 10, 2019
At its 10 October monetary policy meeting, the executive board of the National Bank of Serbia (NBS) decided to keep the key policy rate unchanged at 2.50%.
September 30, 2019
Industrial production grew 0.5% over the same month of the previous year in August, down from the 3.7% increase registered in July.
September 12, 2019
At its 12 September monetary policy meeting, the executive board of the National Bank of Serbia (NBS) decided to keep the key policy rate on hold at 2.50% after unexpectedly cutting it by 25 basis points in the prior month.
September 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer price growth was flat in month-on-month terms in August, following the 0.2% decline in July.
September 2, 2019
The economy grew 2.9% in annual terms in the second quarter, up from the upwardly revised 2.7% expansion registered in the first quarter (previously reported: +2.5% year-on-year).