Markets Actual Q4/24 Q1/25 Q2/25 Q3/25
Currency 112.31 109 110 111 111
Stock Market (points) 1141.42 1126 1115 1105 1094

Overview Actual Q4/24 Q1/25 Q2/25 Q3/25
GDP Growth Rate (%) 0.80 0.7 0.6 0.7 0.7
GDP Annual Growth Rate (%) 3.10 2.9 2.3 2.5 2.8
Unemployment Rate (%) 8.20 9 9.2 8 8.8
Inflation Rate (%) 4.50 3.1 2.7 3 2.6
Interest Rate (%) 5.75 5.25 4.75 4.25 4.25
Balance of Trade (USD Million) -908.90 -1200 -620 -620
Current Account to GDP (% of GDP) -2.60 -4
Government Debt to GDP (% of GDP) 52.00 51.2
Government Budget (% of GDP) -1.00 -2.2

GDP Actual Q4/24 Q1/25 Q2/25 Q3/25
GDP Growth Rate (%) 0.80 0.7 0.6 0.7 0.7
GDP Annual Growth Rate (%) 3.10 2.9 2.3 2.5 2.8
GDP Constant Prices (RSD Million) 1428623.80 1521669 1379205 1464339 1468625
Gross Fixed Capital Formation (RSD Million) 342721.10 411302 322864 351289 352317
GDP from Services (RSD Million) 254212.70 273059 241787 260568 261331
GDP from Manufacturing (RSD Million) 285699.80 300224 301225 292842 293699
GDP from Public Administration (RSD Million) 144902.30 157670 142216 148525 148960
GDP from Agriculture (RSD Million) 62115.50 87041 57092 63668 63855
GDP from Construction (RSD Million) 81439.80 93886 65808 83476 83720
GDP (USD Billion) 75.19 78.05
GDP per Capita (USD) 7736.46 8030
GDP per Capita PPP (USD) 24510.79 25442
Full Year GDP Growth (%) 2.53 3.8

Labour Actual Q4/24 Q1/25 Q2/25 Q3/25
Unemployment Rate (%) 8.20 9 9.2 8 8.8
Wages (RSD/Month) 96649.00 105363 106604 104426 104381
Wage Growth (%) 12.20 10.8 10 9 8
Labour Costs (points) 171.20 164 182 187 185
Population (Million) 6.61 6.6

Prices Actual Q4/24 Q1/25 Q2/25 Q3/25
Inflation Rate (%) 4.50 3.1 2.7 3 2.6
Consumer Price Index CPI (points) 279.10 277 279 283 285
Food Inflation (%) 4.40 5.2 4.5 3.5 3
Producer Prices Change (%) 0.50 1 1.2 2.1 2.5
Inflation Rate MoM (%) 0.60 -0.1 0.1 0.6 0.6
CPI Transportation (points) 213.70 213 214 215 216

Money Actual Q4/24 Q1/25 Q2/25 Q3/25
Interest Rate (%) 5.75 5.25 4.75 4.25 4.25
Deposit Interest Rate (%) 4.50 4 3.5 3 3
Lending Rate (%) 7.00 6.5 6 5.5 5.5

Trade Actual Q4/24 Q1/25 Q2/25 Q3/25
Balance of Trade (USD Million) -908.90 -1200 -620 -620
Current Account to GDP (% of GDP) -2.60 -4

Business Actual Q4/24 Q1/25 Q2/25 Q3/25
Industrial Production (%) 4.60 5 4 2 1.2

Consumer Actual Q4/24 Q1/25 Q2/25 Q3/25
Retail Sales YoY (%) 3.10 3.4 1 1
Consumer Credit (RSD Million) 1592194.00 1517117 1529357 1581779 1636775
Consumer Spending (RSD Million) 1007883.80 1008694 897319 1033081 1036105
Gasoline Prices (USD/Liter) 1.68 1.69 1.72 1.74 1.77

Government Actual Q4/24 Q1/25 Q2/25 Q3/25
Government Debt to GDP (% of GDP) 52.00 51.2
Government Budget (% of GDP) -1.00 -2.2