Serbia’s Q4 GDP rises 2.5% y/y, flash estimate shows

Serbia’s Q4 GDP rises 2.5% y/y, flash estimate shows
By bne IntelliNews January 31, 2017

GDP in Serbia increased by 2.5% y/y in the fourth quarter of 2016, the Serbian Statistical Office announced in a flash estimate released on January 31.

GDP in Serbia increased by increased by 2.6% y/y in the third quarter and by 2% y/y in the second quarter of 2016, maintaining the positive trend since Q2 2015. Previously, Serbia’s GDP contracted in 2014 and the first quarter of 2015, as a result of the devastating floods that hit the country in May 2014.

The statistical office said that more detailed calculations will be published in its quarterly GDP statistical release on February 28.

The Serbian economy expanded by a real 0.8% y/y in 2015, the country's statistics office announced on September 30 as it released the first annual estimate. In nominal terms, GDP expanded by 3.5% to RSD4.403,47bn (€32.87bn).

While Serbia’s government hopes to see the country’s GDP growth accelerating to 3%-4% in upcoming years, international financial institutions are less enthusiastic but still expect economic growth to exceed 2%.

Most recently, the World Bank estimated Serbia’s economy would grow by 2.5% in 2016 and speed up to 2.8% in 2017 and to 3.5% in 2018 and 2019, in its latest Global Economic Prospects report published on January 11.

Data

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Dismiss