The total economic activity of the Republic of Serbia in 2024, measured by the real movements of the Gross domestic product (GDP), was estimated to made the growth of 3.9% when related to 2023.
In 2024 gross fixed capital formation recorded the real growth equalling 9.2% in comparison to 2023.
In 2024 agricultural production made the physical volume fall of 8.8%. In 2024 industrial production expressed the growth of 3.0%, and manufacturing – the growth of 4.4%.
The value of construction works carried out in 2024 expressed the real growth of 8.6% in comparison to 2023. Retail trade turnover recorded real growth equalling 5.9%, while the wholesale trade turnover increased by 5.0% in nominal terms. When 2024 is related to 2023, external trade in goods expressed in euros indicated the growth of exports by 1.7%, and the growth of imports by 5.6%. Within the section of accommodation and food service activities, in 2024 the real growth of catering industry equalling 8.3% was estimated, while the number of tourist overnight stays increased by 1.4%. When 2024 is related to 2023, transportation expressed physical volume growth of 9.3%, and for telecommunications recorded was physical volume fall of 0.9%.
According to the data of the Labour Force Survey, in the third quarter 2024 the rate of employment equalled 51.9%, while the rate of unemployment equalled 8.1%.
When 2024 is related to 2023, average salaries (wages) taxes and contributions deducted increased by 14.2% in nominal terms, and by 9.2% in real terms.
The estimated annual inflation rate equals 4.3%.