The Republic Statistical Office (RZS) has reported that the value of construction work in Serbia increased by 14.9 percent in current prices and by 10.2 percent in constant prices in the second quarter of 2024, compared to the same period last year.
According to the report, there was a 16.6 percent rise in the value of construction work on other buildings, while the value of work on buildings decreased by 1.4 percent in constant prices.
In the second quarter of 2024, construction activity in constant prices saw growth across all regions. Specifically, the Vojvodina Region experienced a 21 percent increase, Southern and Eastern Serbia saw an 11.6 percent rise, the Šumadija and Western Serbia Region grew by 7.3 percent, and the Belgrade Region saw a 1 percent increase compared to Q2 2023.
Statistical data reveal that 97.6 percent of the total value of construction work was conducted within Serbia, while the remaining 2.4 percent occurred on construction sites abroad.
For the second quarter of 2024, Serbian contractors saw a 15.5 percent increase in the value of their work, both domestically and internationally, in current prices, and a 10.7 percent increase in constant prices, compared to the same period in 2023.
