FX.co ★ Serbian Q3 GDP Growth Confirmed at 2%

In the third quarter of 2025, Serbia's economy experienced a 2% year-on-year growth, in line with earlier estimates and maintaining the same rate as in the preceding quarter. There was a notable upturn in both consumer spending, which rose by 3.4% compared to 3.1% in the second quarter, and government expenditure, which increased by 3.9% from the previous 3.8%. Moreover, while gross fixed capital formation continued to decline, it did so at a reduced rate of 2.1% compared to the prior 3.9% drop. Externally, net trade had an adverse impact on GDP, with export growth slowing to 4.2% from 5.6%, whereas imports increased by 5.2% following a previous rise of 9.7%. On a quarterly basis, when adjusted for seasonal variations, the economy grew by 0.6% in the third quarter, showing a deceleration from the revised 1.2% growth of the earlier period.