Money (BetaPhoto/Milos Miskov)
It is estimated that in 2025, Serbia’s real Gross domestic product (GDP), measured by the total economic output and adjusted for changes in price, grew two percent against 2024, while the annual inflation is estimated at 2.8 percent, according to figures published by the Serbian Statistical Office on Dec. 30.
Gross fixed capital formation reported a real growth of 0.9 percent compared to the year before. The physical volume of agricultural production fell 0.3 percent, while industrial production grew one percent, and processing industry rose by 1.2 percent. The value of construction works executed in 2025 dropped by 8.4 percent against 2024.
Retail trade turnover recorded a real growth of 4.2 percent, while the wholesale trade turnover decreased by 1.1 percent in nominal terms. Exports of goods expressed in euros surged eight percent and imports by 7.3 percent year-on-year. The hospitality industry recorded an estimated growth of 1.5 percent in real terms, while the number of tourist overnight stays decreased by 3.3 percent
According to the Labor Force Survey, the employment rate in the third quarter 2025 was 51.3 percent, while the unemployment rate stood at 8.2 percent
The average net pay in 2025 was up 11.2 percent in nominal and 7.1 percent in real terms compared to the year before.
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