Serbia’s GDP increases by 3.7 percent

Published on December 31, 2013 10:00 am

The real growth of Serbia’s gross domestic product (GDP) in the third quarter of 2013 amounted to 3.7 percent compared to the same period last year, a statement from the Statistical Office said on Monday.

Seasonally adjusted data indicate a 1.4-percent growth of GDP in the third quarter of this year compared to the previous quarter.

Observed by activities, a significant real growth of gross added value was registered in the third quarter of 2013, compared to the same period last year, in the sector of electricity, gas and steam supplies – 20.5 percent, the information and communications sector – 12.5 percent, the processing industry sector – 8.7 percent, and the mining sector – 8.3 percent.

A significant drop in gross added value was registered in the construction sector – 26 percent, the transportation sector – 3.5 percent and in the financial and insurance sectors – 2.7 percent.

Observed by aggregates of use of GDP in the third quarter of 2013, compared to the same period last year, a real increase was registered in exports of commodities and services – 26.7 percent, imports of commodities and services – 6.9 percent and in final government consumption expenditure – 1.8 percent.

A real drop was registered in the following aggregates: gross investments in basic funds – 10.3 percent, household final consumption expenditure – 2.1 percent, and final consumption expenditure of non-profit institutions providing services to households – 1.7 percent.

Source in Serbia

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