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Serbia

EU candidate country Outside the euro area Population: 6.57 M (2025)

Source: Eurostat, data retrieved 2026-10-17; each indicator links to its dataset · Methodology and technical sheets

Economic situation

Serbia: real GDP grew 3.8% year on year (Q2 2026); previous quarter: 3.2%; EU27: 1.5%. Harmonised inflation (HICP) stands at 4.2% (09/2026), above the EU27 average (3.8%); core inflation, excluding energy and food, is 4.7%. The unemployment rate stands at 8.7% (2025), up 0.1 percentage points on a year earlier; the EU27 rate is 6.0%. The current account shows a deficit of 5.5% of GDP (Q2 2026). Its best European position is in "Real labour productivity per hour, annual change" (2 of 32) and its worst in "Labour productivity per person employed, EU27 = 100" (31 of 31).

Key indicators

GDP growth3.8%Q2 2026 e+1.8 pp year on year7 of 34 in EuropeInflation (HICP)4.2%09/2026+1.0 pp year on year22 of 36 in EuropeUnemployment rate8.7%2025+0.1 pp year on year28 of 34 in EuropeEmployment rate (20–64)72.0%Q2 2026+0.2 pp year on year29 of 34 in EuropeCurrent account (% GDP)-5.5%Q2 2026+0.4 pp year on year23 of 32 in EuropeGDP per capita (EU = 100)532025 p+2.3% year on year31 of 33 in Europe

Trends

Activity: GDP, consumption and investment (real year-on-year change, %)
Prices: headline and core inflation (HICP, %)
External sector: current account, goods and services (% of GDP)
Economic sentiment (long-term average = 100)
Regions of Serbia →31 regions with indicators on population, GDP, jobs, income and well-being (NUTS 1: 2 · NUTS 2: 4 · NUTS 3: 25).

All indicators

89 indicators for Serbia. Its NUTS 1, 2 and 3 regions, with their own indicators, are on the country's regions page.

GDP and national accounts

19
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Nominal GDP (quarterly) M€Q2 2026 e23,826 M€+8.1%25 of 35
Real GDP, year-on-year change (quarterly) %Q2 2026 e3.8%+1.8 pp7 of 34
Real GDP, chain-linked volume (quarterly) M€ (2020)Q2 2026 e15,442 M€+3.8%25 of 35
Nominal GDP (annual) M€2025 p90,087 M€+8.0%25 of 37
Real GDP growth (annual) %2025 p2.1%-1.9 pp15 of 35
GDP per capita € per inhabitant2025 p13,750 €+8.6%31 of 35
Real GDP per capita € (2020) per inhabitant2025 p9,150 €+2.7%32 of 35
Real GDP per capita, annual change %2025 p2.7%-1.9 pp9 of 34
GDP per capita in purchasing power standards PPS per inhabitant2025 p21,923 PPS+6.3%31 of 33
GDP per capita in PPS relative to the EU27 index EU27 = 1002025 p53+2.3%31 of 33
Household consumption, real year-on-year change %Q2 2026 e4.0%+0.8 pp5 of 34
Government consumption, real year-on-year change %Q2 2026 e2.5%-1.4 pp9 of 34
Gross fixed capital formation, real year-on-year change %Q2 2026 e3.3%+7.2 pp19 of 33
Exports, real year-on-year change %Q2 2026 e4.1%-0.9 pp15 of 34
Imports, real year-on-year change %Q2 2026 e5.2%-4.0 pp12 of 34
Industry share of the economy % of GVA2025 p20.5%-0.6 pp12 of 37
Construction share of the economy % of GVA2025 p5.5%-0.6 pp25 of 37
Services share of the economy % of GVA2025 p69.9%+0.8 pp26 of 37
Public administration, education and health share of the economy % of GVA2025 e14.9%+0.6 pp33 of 37

Prices

23
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Consumer price level (HICP) index 2015 = 10009/2026163.81+4.2%6 of 36
HICP, annual rate of change %09/20264.2%+1.0 pp22 of 36
Core HICP (excluding energy, food, alcohol and tobacco) %09/20264.7%+0.6 pp32 of 36
HICP energy %09/202612.0%+10.6 pp8 of 36
HICP food, alcohol and tobacco %09/20260.6%-2.0 pp14 of 36
HICP services %09/20265.8%+0.7 pp26 of 36
HICP non-energy industrial goods %09/20263.6%+0.5 pp34 of 36
HICP alcoholic beverages and tobacco %09/20266.6%+1.8 pp31 of 36
HICP clothing and footwear %09/20262.0%-2.0 pp29 of 36
HICP furnishings and household equipment %09/20263.0%+0.4 pp34 of 36
HICP health %09/20267.5%+2.2 pp34 of 36
HICP information and communication %09/20261.8%+1.1 pp19 of 36
HICP recreation, sport and culture %09/20268.8%+1.9 pp34 of 36
HICP education services %09/20260.8%-2.8 pp7 of 36
HICP insurance and financial services %09/20264.2%-1.4 pp26 of 36
HICP personal care and miscellaneous goods and services %09/20262.0%-3.5 pp6 of 36
HICP, annual average rate %20254.1%-0.7 pp27 of 35
HICP electricity %09/20269.6%+9.6 pp24 of 34
HICP natural gas %09/20260.0%0.0 pp8 of 29
HICP diesel %09/202620.8%+19.9 pp4 of 35
HICP petrol %09/202613.8%+12.5 pp5 of 35
Household electricity price (2 500–4 999 kWh, taxes included) €/kWhH1 20260.1197 €/kWh+8.6%8 of 36
Price level relative to the EU27 index EU27 = 100202562.7+2.1%31 of 36

Business and activity

10
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Industrial production index 2021 = 10008/2026103.9-0.1%8 of 34
Retail trade, volume of sales index 2021 = 10008/2026 p125.4+6.5%9 of 32
Residential building permits (useful floor area) index 2021 = 100Q2 2026 p123.2+4.5%8 of 35
Economic sentiment indicator index (average = 100)09/202699.6+5.0%19 of 30
Consumer confidence balance09/2026-3.3+15.4%4 of 30
Industrial confidence balance09/20263.1-8.8%6 of 30
Active enterprises enterprises2024214,350+1.7%24 of 34
Enterprise birth rate %202411.4%-1.1 pp13 of 34
Enterprise death rate %2024 p9.7%+0.8 pp21 of 33
R&D expenditure % of GDP20240.93%+0.05 pp27 of 32

Labour market and productivity

18
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Unemployment rate (annual) % of labour force20258.7%+0.1 pp28 of 34
Long-term unemployment rate % of labour force20253.5%+0.1 pp31 of 34
Employment rate (20–64) % of populationQ2 202672.0%+0.2 pp29 of 34
Employed persons (15–74) thousand personsQ2 20262,821-1.5%20 of 34
Employed persons per inhabitant % of population2025 p50.2%-1.0 pp19 of 33
Hours worked per inhabitant hours per year2025 p832-1.6%17 of 32
Labour productivity per hour worked relative to the EU27 index EU27 = 1002025 p49.4+3.6%30 of 31
Labour productivity per person employed, EU27 = 100 index EU27 = 1002025 p51.0+4.5%31 of 31
Real labour productivity per hour, annual change %2025 p4.4%-0.2 pp2 of 32
Nominal unit labour cost, annual change %2025 p7.7%-2.2 pp29 of 33
Hours worked per employed person hours per year2025 p1,656+0.3%15 of 32
Compensation per employee € per year2025 p17,572 €+12.6%32 of 33
Compensation per hour worked € per hour2025 p10.8 €+12.5%30 of 31
Compensation per employee in PPS, EU27 = 100 index EU27 = 1002025 p58.6+5.6%29 of 31
Compensation per hour worked in PPS, EU27 = 100 index EU27 = 1002025 p55.6+5.1%28 of 30
Labour costs (B–S) index 2020 = 100Q2 2026 p211.9+12.0%1 of 26
Minimum wage € per monthH2 2026743 €+20.2%22 of 29
Population aged 25–64 with tertiary education %202529.5%+0.9 pp28 of 34

Households

6
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Household saving rate % of disposable income2023 p4.4%-1.5 pp26 of 30
Real household disposable income per capita, annual change %2023 p-0.4%-2.8 pp22 of 30
Median equivalised income PPS202511,570 PPS+29.0%29 of 30
Gini coefficient of disposable income 0–100202532.0+0.3%26 of 30
People at risk of poverty or social exclusion (AROPE) % of population202523.2%-1.1 pp23 of 30
Housing cost overburden rate % of population20257.9%-3.5 pp21 of 30

External sector and financing

5
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Current account balance % of GDPQ2 2026-5.5%+0.4 pp23 of 32
Goods balance % of GDPQ2 2026-7.1%+0.2 pp19 of 32
Services balance % of GDPQ2 20262.9%+0.5 pp20 of 32
Net international investment position % of GDPQ2 2026-58.2%+1.4 pp29 of 32
Net direct investment % of GDPQ2 2026-2.6%-0.6 pp24 of 32

Demography

6
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Population on 1 January persons20256,567,783-0.6%17 of 38
Total population change per 1,000 inhabitants2025-5.5+3.5%35 of 39
Net migration (including statistical adjustment) per 1,000 inhabitants20250.0—33 of 39
Median age of population years202545.4+0.4%9 of 38
Old-age dependency ratio (65+ / 15–64) %202536.2%+0.6 pp32 of 38
Life expectancy at birth years2024 b76.20.0%34 of 37

Public-sector efficiency

2
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Employment in public administration and defence (NACE O) thousand persons2024 p161+1.8%20 of 33
Total employment (national accounts) thousand persons2024 p3,372-0.3%17 of 33