The estimates on the overall economic activity in the Republic of Serbia in 2019, measured by the real trends of Gross domestic product (GDP), indicate a growth of 4.0% when related to the year 2018.
According to estimations, the gross fixed capital formation in 2019, if related to 2018, expressed a real growth that equals 14.2%.
In 2019 industrial production expressed physical volume growth of 0.3% in comparison to the previous year. For agricultural production in 2019 related to 2018, a physical volume fall of 0.1% was recorded.
The value of construction works carried out in 2019 noted a real growth of 28.5% in comparison to 2018. The retail trade turnover expressed real growth of 9.2%, while the wholesale trade turnover expressed growth of 5.1% in nominal terms. In 2019 the section of accommodation and food service activities expressed real growth of 9.1%, while the number of tourist overnight stays increased by 7.6% when related to 2018. For the section of transportation and storage estimated is physical volume growth of 6.4%, and for the division of telecommunications growth of 5.7%. The estimated external trade in goods, given in EUR value and when 2019 is related to 2018, indicate growth of exports by 8.0% and growth of imports by 7.8%.
Based on the results of the Labour Force Survey, expressive is increased employment and decreased unemployment rate. In the third quarter 2019 the rate of employment reached 49.6% and unemployment rate equalled 9.5%.
Net salaries and wages (taxes and contributions deducted), when 2019 is related to 2018, increased by 10.3% in nominal terms and by 8.5% in real terms.
Annual inflation rate was estimated to equal 1.9%.