Serbia’s economy grows 4.8% in Q3
Photo by AlexLMX / Shutterstock.com
Serbia’s gross domestic product grow by a real 4.8% year-on-year in the third quarter of 2019, after it increased 2.2% in the previous quarter, data released by the Statistical Office of the Republic of Serbia (SORS) shows.
Photo by AlexLMX/Shutterstock.com
The construction sector led the economy with a significant real growth of 34.7% year-on-year in the Q3. In addition, the information and communication sector expanded by 7.7%.
The wholesale and retail trade sectors; motor vehicles and motorcycles repair; transportation and storage; accommodation and food service activities all added 5.4% each.
Among GDP components, households’ expenditures on final consumption increased by an annual 3.1% in the third quarter, whereas general government expenditures on final consumption grew by 4.6%.
Gross fixed capital formation increased by 17.3% year-on-year in the third quarter, exports of goods and services expanded by 10.2%, while imports of goods and services grew by 11.4%, the Belgrade-based SORS said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.