The total economic activity of the Republic of Serbia in 2020, measured by the real movements of the Gross domestic product (GDP), was estimated to have made the real fall of 1.1% when related to 2019.

In 2020 gross fixed capital formation recorded the real fall equalling 2.8% in comparison to 2019.

In 2020 industrial production expressed the physical volume growth of 0.2% if related to 2019. In 2020 agricultural production made the physical volume growth of 4.4% when related to 2019.

The value of construction works carried out in 2020 recorded the real fall of 4.3% in comparison to 2019. Retail trade turnover expressed real growth equalling 5.0%, while for the wholesale trade turnover recorded was fall by 6.1% in nominal terms. For the section of accommodation and food service activities the real fall equalling 26.8% was estimated, while the number of tourist overnight stays fell by 37.5% when related to 2019. For the section of transportation and storage estimated was physical volume fall of 33.4%, and the division of telecommunications expressed growth of 15.1%. When 2020 is related to 2019, external trade in goods expressed in euros indicated the fall od exports by 3.5%, and the fall of imports by 3.0%.

According to the data of the Labour Force Survey, the rate of employment was recorded to increase, and the rate of unemployment was noted to decrease. The rate of employment in the third quarter 2020 equals 49.9%, and the rate unemployment – 9.0%.

When 2020 is related to 2019, taxes and contributions deducted salaries and wages increased by 9.4% in nominal terms, and by 7.7% in real terms.

The estimated annual inflation rate equals 1.2%.

All data on economic trends in 2020 presented here are estimated according to the data that are available and released so far. The presented indicators do not cover the data for the AP Kosovo i Metohija.