Serbian GDP grows by almost 8 percent

NEWS 20.12.202116:50
Pixabay

The Serbian Republic Statistics Office (RZS) said on Monday the GDP rose by 7.7 percent in real terms in the third quarter of 2021 compared to the same period a year earlier.

The RZS Trendovi publication said that the GDP growth was mainly caused by the services sector (apart from retail) with four percentage points and the trade and construction sectors.

Personal consumption rose by 8.1 percent in real terms, contributing 5.5 percentage points to the GDP growth.

Investments increased by 12.6 percent compared to the same period a year earlier while imports and exports report growth of 22.5 and 22.9 percent respectively, contributing 10.7 and 12.9 percentage points respectively to the GDP.