Statistical Office of the Republic of Serbia releases hereby the preliminary data of the GDP revision in compliance with the ESA 2010 methodology, by production and expenditure approach, at current and constant prices, for the period 2015 – 2017. The final estimates will be released a year later, in accordance with the new dynamic of publishing GDP data.
Together with the revised data series, the release contains an Annex with the comparative data review before and after the revision.
According to the preliminary calculations, the GDP for the year 2017 amounted RSD 4 754 368.4 million at current prices. Related to the previous year, GDP increased by 5.2% in nominal terms.
Observed by activities, in 2017 the major share in the GDP creation was noted for the section of manufacturing, 15.1%, the section of wholesale and retail trade and repair of motor vehicles, 11.4%, the section of reeal estate activities, 7.3%, the section of agriculture, forestry and fishing, 6.0%, and the section of information and communication, 5.0%. On the other side, in the GDP use, the share for individual consumption of households equalled 69.6%, government final consumption expenditures – 16.2%, gross fixed capital formation – 17.7%, exports of goods and services – 50.5%, and imports of goods and services – 57.1%.
In 2017 the GDP real growth, when related to the previous year equalled 2.0%.
By activities, in 2017 in the section of manufacturing expressed the real growth of Gross value added (GVA) equalling 4.8%, the section of wholesale and retail sale and repair of motor vehicles – 5.2%, the section of information and communication – 3.8%, the section of construction – 5.7%, the section of transport and storage – 4.5%, and the section of accommodation and food services – 10.8%. The fall growth of GVA was noted for the section of agriculture, forestry and fishing, 11.2%, as well as in the section of electricity, gas and steam supply, 4.2%. Observed on the expenditure side, the top real growth was noted for exports of goods and services, 8.2%, and imports of goods and services, 11.1%. Gross fifixed caopital formation exopressed real growth, 8.2%, and imports of goods and services, 11.1%. Gross fixed capital formation expressed real growth of 7.3%. Final consuption expenditures expressed the real growth rate of 2.2%, of which the real growth of expenditures for individual consumption of households equalled 2.0%. The individual consumption of government expenditures expressed the real growth of 3.7%, and the collective consumption expenditures expressed growth of 2.7%.