Serbia’s economic output grew by a real 0.4% year-on-year in the fourth quarter of 2022, after an annual increase of 1.0% in the third quarter, the country’s statistical office said on Tuesday.
Real gross domestic product (GDP) growth in 2022, obtained on the basis of quarterly calculation, slowed down to an annual 2.3%, the statistical office said in a data release. The statistical office will publish in October data on the country’s annual GDP growth rate for 2022, as a result of the annual calculation.
In 2021, Serbia’s economic output increased by an estimated 7.4%.
Compared to the third quarter, Serbia’s GDP increased by 0.7% in October-December.
Observed by economic branches, in the fourth quarter of last year, compared to the same period in 2021, significant real growth of gross added value was recorded in wholesale and retail trade, transport and storage, and accommodation and food services – 2.8 percent, the scientific, innovation and technical activities and administrative and auxiliary service activities – 7.2 percent and information and communications – 7.7 percent.
(Tanjug, 01.03.2023)
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