Serbia’s GDP figures revised slightly for Q1 and Q2 2025

Published 01/09/2025, 11:46
Serbia’s GDP figures revised slightly for Q1 and Q2 2025

Investing.com -- Serbia’s statistical office has made minor revisions to its GDP growth figures, with first quarter 2025 growth adjusted downward by 0.1 percentage point to 1.9% year-over-year, while second quarter growth was revised upward by the same amount to 2.1% year-over-year.

The detailed breakdown shows domestic demand remains the main growth driver, though this is now primarily due to consumption rather than investment, which is showing clear signs of slowing down.

Household spending demonstrated encouraging growth of 3% year-over-year in the second quarter of 2025, following a relatively weak performance early in the year. This consumption contributed 1.9 percentage points to the headline GDP figure.

Public spending rose by 3.7% year-over-year, adding another 0.6 percentage points to growth. Positive inventory contributions helped offset negative net external trade effects.

The weaker export performance appears to have been influenced by the services sector, particularly tourism, which underperformed in the second quarter amid domestic uncertainty and repeated protests in the country.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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